"Recent price sensitive announcements and the share price has dropped!"
Now this is a statement, which I have come across in a number LTR threads on numerous occasions, but over time I also encountered it in other stocks over and over again.
IMCO this subject, even though certain chart patterns can be observed, isn't chart related, but is more a trading related issue, because there are quite powerful forces who use their influence to keep SP within certain price ranges (Trading Ranges) where they either (re)distribute or (re)accumulate a stock.
Why are they doing this?
Their reasoning IMCO is simple. They haven't accumulated or distributed enough of the stock at a certain price range and so they working hard to achieve their target over time. I have written about this problem in a number of posts in LTR related threads, but I thought I bring it all together here by posting the following:
It is up to every individual trader/investor to understand how the Composite Operator can and will influence the rise and fall of a stock price especially if it becomes clear that despite some positive announcements SP isn't reacting as we would expect, but is kept in a trading range. We easily put it down to what we like to call manipulation, but this simply is the Composite Operator's game and we the traders/investors need to learn how to read, adapt and possibly even take advantage to it, because it is simply part of today's game.
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Mkt cap ! $3.006B |
Open | High | Low | Value | Volume |
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Buyers (Bids)
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Price($) | Vol. | No. |
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10 | 269233 | 1.235 |
6 | 115412 | 1.230 |
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10 | 218819 | 1.220 |
Price($) | Vol. | No. |
---|---|---|
1.250 | 43680 | 2 |
1.255 | 63498 | 4 |
1.260 | 103375 | 9 |
1.265 | 191500 | 6 |
1.270 | 137226 | 9 |
Last trade - 16.10pm 06/05/2024 (20 minute delay) ? |
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Last
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Change
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