Jeepers winner I don't know if I could cope watching that again!:t_up:
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Jeepers winner I don't know if I could cope watching that again!:t_up:
Look what's driving the day trading, within such a tight daily trading spread. https://stocknessmonster.com/trades/oca.nzx/ Heaps of very low value trades, tons of them. They're either bot trades or small punters, but notably the very low value trades are also high frequency trades and didn't really get going until about 1/2 hour before close. But even before then, most of the low value trades throughout the day pulled the price down a pip, check it out. I'm leaning towards bots controlling the SP, protecting the low entry price, then 464k trade in the close. Total trades 3x average daily volume. Open SP = Close SP. Masterful.
Suss? Oh yeah, looks suss alright. Looks like controlled accumulation imo.
Very interesting baa baa. Some trades $1 :mellow: and plenty under $10
The reason I doubt that, not that you weren't getting some, is that the very low value trades (most under $10) are very high frequency, like within a few seconds of each other. Exceptionally low value/volume trades less than 10 shares within seconds of each other (before the closing auction), many of them today compressed into a 1/2 hour before close, and within an extremely tight price spread. Humans don't behave like this on market, but machines do. Followed by a slam dunk 464k shares in 29 trades at close only pulling the SP down 1 cent. Open = Close.
Whatever it is, it does seem a bit odd that a boring RV attracts so much trading attention of very low values, very high frequency, within a very tight price range followed by a slam dunk 1/2 million shares at close that only moves the market 1 cent back to open price. Unless the machines are managing a market price for larger accumulation. When the machines stop is because the buyer has their fill, and the price bolts upwards, which is of course what they want.
Might sound fanciful to us common folks, but, read up on who or what is actually buying your sells or selling your buys. Especially the large players acting on behalf of their investors and who pay no fees on their trades.