AJX 9.09% 1.0¢ alexium international group limited

I cant understand the course of sales. It would have been easy...

  1. 351 Posts.
    lightbulb Created with Sketch. 28
    I cant understand the course of sales. It would have been easy to engineer the close lower but instead it was maintained at the same price as the last two closes. Is it meant to appear or in fact be distribution?. From algo perspective, it looked like drip feeding the buy queue. someone's happy to buy at 53, and someone else is intent on selling at no less than 53 hence the stop being set at 53.5.

    Does someone more knowledgeable understand the rationale of the action or is it not possible to infer any intent or strategy?
 
watchlist Created with Sketch. Add AJX (ASX) to my watchlist
(20min delay)
Last
1.0¢
Change
-0.001(9.09%)
Mkt cap ! $15.62M
Open High Low Value Volume
1.0¢ 1.1¢ 1.0¢ $16.24K 1.561M

Buyers (Bids)

No. Vol. Price($)
7 7392398 1.0¢
 

Sellers (Offers)

Price($) Vol. No.
1.1¢ 2000 1
View Market Depth
Last trade - 16.10pm 19/06/2024 (20 minute delay) ?
AJX (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.