I'm not sure if there are institutional bots etc trying to hold the price down.
But, it appears that the past few days have had pretty low volumes. To me, it appears that the movements aren't supported by volume and it is because we don't know where any resistance points really are. We had such a massive run which has brought both positive and negative attention. The price could go lower because you have people who made massive gains who are seeing them eek away, so why not cash out and put it into something else?
But on balance it appears that there are many people sitting on the sidelines, and a few people offloading shares because of the uncertainty. It's likely we will recover and find a base of least at $6.50 but until something provides a sense of direction we will keep floating between $6 and $7 while some holders accumulate below the CR price, and others offload because they can't make heads or tails of what the share price is doing and where it will be in a month or 6. If it falls below $6 and then in the next session goes lower, expect a bit of a rush down then a rush back up. I reckon there are plenty of people hoping for an entry price of $5.50 which may never come.
Obvi IMO.
- Forums
- ASX - By Stock
- VUL
- Why is going down
VUL
vulcan energy resources limited
Add to My Watchlist
2.12%
!
$3.70

Why is going down, page-2
Featured News
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
|
|||||
Last
$3.70 |
Change
-0.080(2.12%) |
Mkt cap ! $809.0M |
Open | High | Low | Value | Volume |
$3.80 | $3.88 | $3.68 | $2.517M | 673.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 873 | $3.70 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$3.77 | 2986 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 873 | 3.700 |
1 | 500 | 3.690 |
2 | 4916 | 3.680 |
1 | 12000 | 3.670 |
2 | 4697 | 3.650 |
Price($) | Vol. | No. |
---|---|---|
3.770 | 2986 | 1 |
3.790 | 700 | 1 |
3.800 | 5500 | 1 |
3.820 | 2000 | 1 |
3.850 | 8126 | 5 |
Last trade - 16.10pm 04/07/2025 (20 minute delay) ? |
Featured News
VUL (ASX) Chart |
The Watchlist
NUZ
NEURIZON THERAPEUTICS LIMITED
Dr Michael Thurn, CEO & MD
Dr Michael Thurn
CEO & MD
SPONSORED BY The Market Online