WHK 9.09% 1.0¢ whitehawk limited

Hmmm that was interesting to watch.. Only real explanation it...

  1. 62 Posts.
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    Hmmm that was interesting to watch.. Only real explanation it leads me to is theres big buyer accumulation in progress but not ready to announce their presence whilst the discount is still on the table. A bounce was in the works at open with bid volume growing and higher SP, however, a low ball ask price popped up just before open, SP pushed through first block attempt before second block initiated and took advantage of the bid/ask spread gap that formed by hammering the top couple buy bids and almost break to the new low. Further confirmation, the price just gapped back through to 5.8c ask price suggesting bullish buying. Personally, I'll be holding on to my parcel for the next 2-3 months regardless of short term price change


    Photo shows the attempted block prior to open and no price competition. Why would a holder trying to get out and take profits or cut losses shoot themselves in the foot like that? 


    https://hotcopper.com.au/data/attachments/1366/1366237-36d3fb5af23d33612dca7077e160c589.jpg

 
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Last
1.0¢
Change
-0.001(9.09%)
Mkt cap ! $5.857M
Open High Low Value Volume
1.2¢ 1.2¢ 0.9¢ $153.0K 15.19M

Buyers (Bids)

No. Vol. Price($)
3 778486 1.0¢
 

Sellers (Offers)

Price($) Vol. No.
1.1¢ 3864472 9
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Last trade - 16.10pm 02/12/2024 (20 minute delay) ?
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