Having been a stockbroker and futures trader for over 30 years I can assure you this is classic "Capitulation". Holders just screaming "get me out" as emotion ,( read huge losses) is dominant even if irrational.
You say "' only 377k shares traded in 20 minutes"...wrong .
It started trading at 3.55 when only 90,000 odd had traded. Then the ann'!
That saw about 280,000 shares dumped at market, no if or buts with clips of 100,000 + sold.
The buy side now looks decimated.
The possible saving grace is that on the 5yr charts there are 5 tops at 68/70 cents which will/should now become support. Indeed, having bought at 45 cents I sold basis that at 69 cents.
Now me thinks I may re enter based purely on that basis.
Anyway, today and Friday (AGM) will be very interesting.
Having been a stockbroker and futures trader for over 30 years I...
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 (20min delay)
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Last
$1.06 |
Change
0.025(2.43%) |
Mkt cap ! $111.1M | |||
| Open | High | Low | Value | Volume |
| $1.04 | $1.06 | $1.04 | $68.79K | 65.59K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 93344 | $1.06 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.06 | 450 | 1 |
View Market Depth
| Last trade - 15.58pm 25/11/2024 (20 minute delay) ? |
| SDI (ASX) Chart |
