You missed a very interested day of trading for HTX on Friday. Mid morning out of nowhere came huge interest pushing the sp into the 20's. Big orders were going through and there seemed to be a frenzied grap for shares.
Then after lunch when you would expect the normal Friday arvo sell down and T+3ers exiting, the games started. There was very obvious capping at 20cents and 19.5cents. With very large individual sell orders appearing out of nowhere, then just as quickly as they appeared, they disappeared. Volume was a trickle and only closed down slightly for the day. Still up 20% from the previous days close. The tactics being played match the OBV (on balance volume) on the chart which shows clear accumulation and no sell off. Very unusual behaviour for a surging stock in its third day and being a Friday.
There was a big chunk of stock sold over 20cents and held, so it will be interesting to see where the game players take this one.
Good luck with your re-entry.
cheers Ange
HTX Price at posting:
18.0¢ Sentiment: None Disclosure: Held
