HGO 11.4% 3.9¢ hillgrove resources limited

sellers exhausted?

  1. 578 Posts.
    For the last few weeks I have noticed that each morning a large sell order gets placed on the queue approximately 0.01c higher than the SP. This has tended to give the perception that there is a wall of sellers and that the SP will not be allowed to breakout easily.

    This morning the 500000 odd shares sitting at 0.41c got gobbled up within seconds....and the sell side (onscreen) as a result looks extraordinarily thin.
    We can only speculate as to whether Capolous is continuing to lock in some profits (after all they have nothing to lose as they paid 0.15c and will no doubt still hold plenty when the pending announcements come through).

    Alternatively have the day traders got a hold of this and playing their games? Who knows.

    Whatever the case, things are looking good for this stock and I would love to hear more from the TA and charting folk to find out their interpretations.

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Mkt cap ! $22.83M
Open High Low Value Volume
3.5¢ 3.9¢ 3.5¢ $16.34K 441.6K

Buyers (Bids)

No. Vol. Price($)
2 279062 3.7¢

Sellers (Offers)

Price($) Vol. No.
4.0¢ 279334 3
View Market Depth
Last trade - 15.58pm 03/06/2020 (20 minute delay) ?
HGO (ASX) Chart
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