This is clearly intos play on large shorted volume which can only cover from a CR.
They are expecting it soon by the current aggressive daily shorting..
Have a looks at Myer recent CR for an example..
The buyers just keep on coming, page-182
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Last
$7.30 |
Change
0.150(2.10%) |
Mkt cap ! $23.70B | |||
| Open | High | Low | Value | Volume |
| $7.23 | $7.33 | $7.19 | $92.93M | 12.78M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 8869 | $7.29 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.30 | 47838 | 2 |
View Market Depth
| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| STO (ASX) Chart |