Thursday's action was encouraging. Bidders were creeping up during the morning and there were also a couple of ~100k bites from the offer during the day.
However, at one point it was bid 40 and within seconds was sold into. So whether there is legitimate supply at 40, or whether it was capped off to prevent a lemming-like runaway (which would be good for keeping a 10 day VWAP low...hint hint), I have no idea.
It will only be news that rerates it permanently. I was hoping that it might have come on Thursday based on trading history but not to be. I do think Japanese news will come before German news, for what I think are obvious reasons, and let's hope Tuesday is the day, but I won't make any predictions about that. Worth mentioning though that the bot trading patterns in the mid 30s (tiny sells into the bid to keep last trade down) appear to be a bellwether for a subsequent move north
Thursday's action was encouraging. Bidders were creeping up...
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Last
19.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $34.32M | |||
| Open | High | Low | Value | Volume |
| 19.5¢ | 19.5¢ | 18.5¢ | $58.84K | 310.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 33236 | 18.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 19.0¢ | 163350 | 1 |
View Market Depth
| Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
| CYP (ASX) Chart |