Very interesting shift in volume and depth recently.
In the past week; we have seen the BUY depth grow quietly to 5x the current SELL depth. More interesting is the size of the BUY orders. Scanning between the price range: 34 - 28 cents, and the order values are:
- $38K
- $48K
- $32K
- $78K
- $31K and $46K
- $60K
-$44K
- $22K and $140K.
What's even more interesting is the low number of buyers as a ratio of the respective buy value.
What this is all suggesting is that: someone or a small few with deep pockets have arrived. This could be 10 high net worth individuals ... or instead, what I suspect to be one or two large instos settling in.
Agree with all prior comments; the run to December could be interesting.
SE1 Price at posting:
34.0¢ Sentiment: Buy Disclosure: Held