RE: GOLD27 Mar 2023 18:45
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88e, always worth going over historical events, as you eventually see patterns, plus what you missed..
The last drill, the share price behaved like other company drills, and so far so as this one.
But we some how got sucked into believing it would multi-bag this time, hype, Matd, PANR discovery..??
Been paying attention to the trades, and what the real spread is..
as the price ticks up the sellers come in, often as the bid is increased, and with enough sellers the price falls back.. No MM games, its whats happening, a handful of big sellers pouncing on the price before others get a chance..
Same on the way down, some of the biggest sells have taken the lowest price of the day, maybe its their cut off point, maybe selling on momentum to buy back cheaper,, Only need a few guys working together....
At the moment buys are way out numbering sells, but the sells tend to be the larger trades..
today..
buyers, 85,
sellers 28
Volume 28,357,378
buys 17,090,627
sells 11,266,751
But these "consecutive" sells , account for roughly half the days sells,
27-Mar-23 10:49:44 0.5425 500,000
27-Mar-23 10:39:04 0.543 2,000,000
27-Mar-23 10:38:49 0.543 500,000
27-Mar-23 10:37:49 0.5433 3,000,000
27-Mar-23 10:29:58 0.543 9,821
27-Mar-23 10:26:12 0.545 720,556
So really, its close as another similar burst in the afternoon would have turned it to a sellers day..
If TD is the next news, and its not something exciting the price is going to drop easily.
So really its needs an unexpected early update, perhaps the SMD...
Recently, playing the bad news , big drops, it seems the MM does'nt let you buy until after a pause where the fall seems to be halted.. or it feels that way..
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