Fortunately the ones orchestrating those P&D's are long gone. And the stock seems to be reacting to actual fundamental shifts in the company.
I have a different view around potential traders being trapped in the P&D's... I don't think there will be many.
If people bought at the peak of the pumps ($0.15 - $0.20) very few would sit there and watch the stock go back to $0.08 without selling and moving on. If they didn't sell, they are brave.
Similar scenario with the second P&D. I can't see any trader / investor siting there from Feb - July on enormous losses when a P&D clearly happened a few months prior. Unless very inexperienced.
This is the longest the stock has ever traded in the $0.12 - $0.14 (previous sell zone) range. Accompanied by the highest volume in the stocks history in this range.
To me it looks like the sellers are getting thin. If it cracks above $0.14 on volume then i think some may be surprised at the little resistance PEH has to high prices.
IMO of course.
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Last
5.5¢ |
Change
0.001(1.85%) |
Mkt cap ! $69.75M |
Open | High | Low | Value | Volume |
5.3¢ | 5.6¢ | 5.3¢ | $12.44K | 227.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 75063 | 5.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.7¢ | 205947 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 75063 | 0.054 |
1 | 461749 | 0.053 |
4 | 171632 | 0.052 |
1 | 500000 | 0.051 |
3 | 308500 | 0.050 |
Price($) | Vol. | No. |
---|---|---|
0.057 | 205947 | 2 |
0.058 | 50000 | 1 |
0.059 | 132500 | 3 |
0.060 | 105481 | 3 |
0.062 | 5000 | 1 |
Last trade - 15.14pm 12/07/2024 (20 minute delay) ? |
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EVS (ASX) Chart |