broker data shows majority of recent volume net buying last 6...

broker data shows majority of recent volume net buying last 6 weeks is pro money as opposed to retail investors (ie not through commsec etc where retail investors buy themselves

you can see the net volume here

https://hotcopper.com.au/threads/day-trading-pre-market-open-august-26.5580206/page-47?post_id=46820333

it’s a classic broker accumulation tactic to manipulate the buy and sell stack with fake orders to create a false impression to mum and dad buyers.

Sometimes their buying patterns aren’t very well disguised and I don’t believe for a minute someone has put a 3.5m sell order at 3.6c to get $126k, any trader would feed the sell into the bid or execute when ready. Once you see those two sells at 3.6 and 4.8 and can tell pro accumulation is happening it’s easier to look at the rest of the buy sell stack and make reasonable assumptions about what is happening

just IMO