AJX 0.00% 0.8¢ alexium international group limited

This institutional manipulation talk is bunk, page-37

  1. 1,909 Posts.
    lightbulb Created with Sketch. 44
    Lumpy,
    That 200K was swept up as part of 329K at market dump at 14:11 which took out a big chunk of buyers sitting between 40.5 and mostly 40 cents. There was a similar situation at 10:51 with a 168K dump which took out a chunk between 41.5 down to 40.5 cents. The buyers haven't been very active, in the main they are sitting on the buy queue waiting for the sellers to come to them.

    The selling pattern over the last few days looks similar to the period leading into the reversal on August 29th. At that time the market had a couple of successive bad days as is the case now over the last couple of days. AJX looks to be well into oversold territory now and I don't think it has much to do with some new awakening to fundamental issues but more about mob psychology taking over with stale holders throwing in the towel.

    Previously there was a significant block of stock sitting at 40 cents and it looked to me like it might hold but maybe not, I guess we will find out today, the remnants are still there. I think the challenge is as happened yesterday with a couple of largish holders doing a dump which suggests it is more about retail behaviour.
 
watchlist Created with Sketch. Add AJX (ASX) to my watchlist
(20min delay)
Last
0.8¢
Change
0.000(0.00%)
Mkt cap ! $12.49M
Open High Low Value Volume
0.8¢ 0.8¢ 0.8¢ $1.864K 233.0K

Buyers (Bids)

No. Vol. Price($)
7 1258409 0.8¢
 

Sellers (Offers)

Price($) Vol. No.
0.9¢ 57000 1
View Market Depth
Last trade - 14.36pm 30/08/2024 (20 minute delay) ?
AJX (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.