Manipulation? Accumulation? weak-hands cleaning? What we are currently witnessing with Australis is a beautiful manipulation by strong hands.
It is extremely clear on the level 2 the games that are being played to clean out the weak-hands, accumulate the cheap shares in anticipation of higher highs.
Pretty easy to manipulate such a small stock as Australis.... weaken your bids, dont slap the ask... wait until nervous investors sell-out.... rinse and repeat, play this by a few pennies on the up and down until the time is right to let the beast roar!
.40s is acting as a support/magnet/cleaning spot until the next news release hits the market.
When the sellers will be gone... what will happen then?
my bet is we go parabolic.
I am long.....and you know it =)
QcTrader