On the 4th and 5th there was large volume as stated above. I said it would be interesting to see if this was just churn or other.
Well the ASIC data for the 4th was released today and the absolute level of shorts decreased from over 9% (on the 3rd) to under 8% (on the 4th). So it appears the shorters did indeed get nervous!
I hope (as a holder) that this proves to be another turning point for PDN. Clearly technically it is significant but please let there be some fundamental backup.
Perhaps Bonehead1000 with one of his excellent charts could shed some more light on this (graphically speaking of course).
running, page-65
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Last
$13.47 |
Change
-0.230(1.68%) |
Mkt cap ! $4.020B | |||
| Open | High | Low | Value | Volume |
| $13.62 | $13.70 | $13.42 | $22.52M | 1.655M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 32179 | $13.46 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $13.50 | 5101 | 1 |
View Market Depth
| Last trade - 16.10pm 20/06/2024 (20 minute delay) ? |
| PDN (ASX) Chart |