Poor trading bot has run up between a rock and a hard place.
We know the algorithm trading bot is being used by the broker executing for GlobalX.
We know that it has bought 326k units in the last week.
We know that it is behind in its mandate. And so has to pick up some volume quick smart.
Problem is that a bot is designed to react to the size of the offer. Buying more stock as the offer gets added to. When this doesn’t occur due to sellers being exhausted, it will often sell a few to itself, in an effort to drive the price down to bring in new sellers.
This hasn’t been happening very much today.
So price goes UP.
I am feeling we will break 50c very soon.
Happy new year to all.
10x
What will PEN be worth??, page-69
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 (20min delay)
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Last
$1.08 |
Change
-0.015(1.37%) |
Mkt cap ! $274.0M | |||
| Open | High | Low | Value | Volume |
| $1.09 | $1.12 | $1.08 | $237.1K | 216.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 18320 | $1.08 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.10 | 4076 | 3 |
View Market Depth
| Last trade - 12.28pm 04/12/2024 (20 minute delay) ? |
| PEN (ASX) Chart |
