Wonder if the weak hands have all been shaken out.
imo, we'll be range bound in the mid $1 range for a while until new news catalysts suggest otherwise. I subscribe to the idea that this volatility is 'designed' to induce emotional decision making and this is where institutions accumulate (and big shorts cover, well try atleast). For anyone that agrees with this type of perspective, then make our own assessment about where we are on the chart below. I reckon we're somewhere around panic.
Short Activity in PNV, page-4369
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Last
$2.04 |
Change
-0.030(1.45%) |
Mkt cap ! $1.409B | |||
| Open | High | Low | Value | Volume |
| $2.09 | $2.11 | $2.03 | $1.727M | 838.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 299194 | $2.02 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.04 | 1559 | 1 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| PNV (ASX) Chart |