One answer is that this is a Darvas type move. Darvas came up with the idea that third close above a low was the time to enter with a stop below the low. Of course we all want to get in early and not miss out and then we dont take stops anyway.
PAB chart, page-2
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Last
0.7¢ |
Change
0.001(16.7%) |
Mkt cap ! $14.40M | |||
| Open | High | Low | Value | Volume |
| 0.7¢ | 0.7¢ | 0.7¢ | $11.39K | 1.628M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 1230203 | 0.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.7¢ | 3743101 | 5 |
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| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| PAB (ASX) Chart |