Massive dump of 15M shares into a manic friday closing auction.
A large INSTO had enough and saw the signs but another INSTO bought it all up on what looks like a planned on market sale between INSTOs.
highest volume in a year 19M beating that 15M dump last week at 45-47c highs
The INSTO seller thinks its going lower, the INSTO buyer thinks its going higher.
If the buyer wasnt there, it would be at 37,5c right now. This shows some are throwing in the towel as it cant go up and someone large thinks its going well despite the bearish TA and 4 top pattern. Closing volume onscreen suddenly very heavy.
neutral small doji after 4 red bars meaning we wait to monday for confirmation. Still a strongly bearish pattern with many long wicks/shadows.
High volume is a sign of a top or a low and we saw at 45-47 it was the high and 42c aint no low, in fact nowhere near 29c let alone 39c right now. Must be a high. High volume at near annual highs is a bearish signal. I said many times the volume has to drop for a reversal signal but its escalated higher again the exact opposite of whats needed.
scary stuff boys.
Massive dump of 15M shares into a manic friday closing auction....
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Last
$2.68 |
Change
-0.010(0.37%) |
Mkt cap ! $2.265B | |||
| Open | High | Low | Value | Volume |
| $2.61 | $2.70 | $2.61 | $11.46M | 4.290M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 111469 | $2.67 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.68 | 67593 | 5 |
View Market Depth
| Last trade - 16.10pm 18/12/2024 (20 minute delay) ? |
| PRU (ASX) Chart |