A dead cat can't be cured.
PME just experienced a major battering.
Recovery would only be brief before the pain sets in.
I feel we have had a few small dead cat bounces over the past 4 days, but the sellers have no intention of relenting.
Hope is gone for PME. We need management to deliver the goods. A technical correction is temporary and unlikely.
Broker upgrades by 3% (bell potter), $30 price target Morgans, page-64
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Last
$143.76 |
Change
5.580(4.04%) |
Mkt cap ! $15.01B | |||
| Open | High | Low | Value | Volume |
| $139.23 | $143.76 | $137.94 | $48.00M | 336.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 185 | $142.92 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $143.76 | 1662 | 2 |
View Market Depth
| Last trade - 16.10pm 31/07/2024 (20 minute delay) ? |
| PME (ASX) Chart |