Maybe resistance all taken out above this price....
Consolidation needs to happen after large jumps like that....
could be day traders scared and dumping....10k is not a lot to be fair.
mrcatious.....they hold it down by filling the buys and going short, it doesn't harm them because they know they won't allow the price to deviate, so no risk!
I have to disagree completely. I use to work as a broker, not in the UK.....but the fundamentals are very similar no matter where. The Market Makers and Investment companies who bring these companies into the market are responsible for the shares and have a duty of care to not allow a share price to crash when there is no news of such events. Afren on the other hand is going through volatility due to its position and many other market influences and these are the kind of companies Investment Banks target because they can move the share price because of its low Market Cap. I've been in a room when these discussions take place and believe me they have more capital and leverage than the Market Cap of Afren to do as they please for their profits. If you are not part of these plans you will not have a chance to know which way they are going to take it because of their many different positions open including Shares, CFDs and other subsidiary accounts. I don't know where Afren is going, but these MM's are in here and all I know is you will bet up or down make profit or lose because only they know where the price will be when they take it their and offload, if you are on the wrong side of their wave you will lose and if you ride it you will profit with them....simple as that. Im not ramping or deramping here as I've taken my gamble that I can afford, but don't tell private investors that these kind of moves are not manipulated! Good luck to everyone
volume is very light, looking at market viewer, soon as it trades up there is a flow of sells that pop up....This is either collecting or selling to PI's for Moday...
Looks like they are going to let it drift like yesterday, volume looks low again.....
Good luck to all for tomorrow or the weekend....maybe new car on the weekend or maybe selling mine...We will see. GLA