I have noticed today and yesterday that there has not been alot more that 75k of shares for sale at any price at any one time.
Yet by the end of the day about 700k shares have been traded (see yesterday sales).
As soon as the price starts to move higher, some of the 75k shares are sold to drive the price down, only to be replaced by new sell orders but still not showing any more that 75k for sale at any price at any one time of the day.
I have my own thoughts about what is going on here but I would appreciate others opinions on this pattern and/or if you agree or not.
GLTAH and AIMHO and DYOR
SXG Price Action & Sell Side Volume
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Last
$2.93 |
Change
0.050(1.74%) |
Mkt cap ! $562.3M | |||
| Open | High | Low | Value | Volume |
| $2.89 | $3.02 | $2.86 | $1.166M | 395.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 6096 | $2.92 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.95 | 3705 | 5 |
View Market Depth
| Last trade - 15.11pm 21/05/2024 (20 minute delay) ? |
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Last
$2.95 |
Change
0.050 ( 3.10 %) |
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| Open | High | Low | Volume | ||
| $2.88 | $3.01 | $2.88 | 43329 | ||
| Last updated 15.26pm 21/05/2024 ? | |||||
| SXG (ASX) Chart |