In terms of today's 'spike', that is really an alias, as we had a big 'dip' yesterday. The 3m chart shows pretty much sideways trading between .21 and .24 with just a one close at .245, and 3 closes (inc. yesterday) at .18, .18 and .175. These lows have all quickly bounced back. Barely $30k worth traded on any given day. Today is just 2 trades for $1637. The first was a scavenger picking up the scraps on offer at .19, the second looked like a genuine buyer picking up a small parcel at market. Only the 'headline' daily change could warrant an ASX speeding ticket, no other aspect of this trading could.
OXX Price at posting:
22.0¢ Sentiment: Hold Disclosure: Held