If the balance on the registers has mainly shifted to sit and hold types...
This could do anything near term!
Most days the starting depth (sell-side) is in the millions at every for most levels ahead...we currently have just 5m shares IN TOTAL in the sell depth.
Whilst depth volumes often mean little...there are times when it can at least give an indication of register profile. It can also point to the underlying "sentiment" and/or status of the current "positioning" of the stock!
Previously heavy sell depth may well have been arranged to help facilitate buying (capping)...so the lack of it now may well suggest they have "bought" enough and will not longer cap it?
Exciting times.
Cheers!
AIM Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
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