No as the share is showing down 10% can only assume a tree shake?
the bid started off at 20p this morning and now it's 19p also the ask is down from 22p to 21.5p all this on buys.
Level2 shows order book
buy side 2, 1 prices 19p, 18.5p
sell side 1, 2 prices 21.5p, 22p
The prices have just changed which is strange as there has been buying of late in fact only 1 sell showing at 08:48 for 2,502 shares.
Latest trade is for 800,000 shares at 5.75p and is a late reported trade from 08:53 so that puts it with the rest of the big sell trades.
These big trades were not late reported apart from the one mentioned above also a big sell trade for 750,000 has been cancelled.
It's as clear as mud
support is shown at 6p so far and resistance is at 6.75p/7p
I don't know about this company but the market were happy to take them with no adverse affect on the sp so I would just watch very closely and act on the first sign of movement against your position.
Good luck.
Thank you I will wait until after market closes and see if I can get my head around it then I will come for some advice my friend no need to rush and all that :-)
The mm's were dancing while I was typing even now it's changed there are only 2 mm's at 6.75p showing 75,00 shares so new resistance is at 6.75p/7p by total 6 mm's showing 150,000 shares between them.
support is still 6.25p
Level2 shows order book
buy side 1, 3, 1, 1, 1 prices 6.5p, 6.25p, 6p, 5.75p, 5p
sell side 3, 2, 1, 1 prices 6.75p, 7p, 7.25p, 7.5p
resistance is at 6.75p by 3 mm's showing 100,000 shares
support is at 6.25p by 3 mm's showing 100,000 shares.