Definitely no director sells IMO. The MMs on Level 2 have been pretty much playing merry-go-round taking it in turns to switch from offer to bid. They are just trading the spread. No one MM has sat on the offer for any length of time with a large line of stock to sell. The SP is just range bound as we await further news.
Thanks I know what L2 displays, but I don't think you understand 'support and resistance'. If there are fewer MMs as sellers at 48p then, once they're exhausted, the SP will move up to find other sellers that have set their minimum price higher than 48p. Like it or not, we have 4 sellers at 48p. Therefore, there's a fair degree of resistance - compounded by only one MM now looking to buy from the market at 46p. Therefore, we have more MMs looking to sell rather than buy - i.e Resistance.
StarKnight, I'm not entirely sure you know how to read Level 2. The stack at 48p is what the MMs want to sell to the market at - therefore it's considered to be 'resistance'. The more MMs at 48p, the higher the resistance to break through that price and onwards. It would be better if there were none or just a single MM at 48p with the others at say 50p and above.
Level 2 is currently 2v1 45-47 - therefore in favour of a positive move perhaps but will then be met with sellers at 48p. So, whilst I would love a fast move up - I can't see one at present although L2 can change rapidly.
RE: Added 8,500 at 39.9p.........09 Jun 2021 10:07
Well, this is the day to buy in my opinion. Manufactured little drop on non entity news. A few more buys will get us back up again I'm sure. Singer were on the offer all day yesterday and have now moved back on the bid so no more to sell.