Little bit of broker data & brief observations which might be of interest. It certaintly tells a story.
Firstly, let's take a birdseye view, over the last 10 days of trading, then zoom into 5 business days, and finally the specific high volume day of 9th Aug.
Timeframe: 10 Trading days ( 30th July > 12th Aug
- Euroz netbuyer. Buying at average price of 0.015, and selling at average price of 0.018 (ie, they are range trading over a few pips - BUT - it should be noted they are a Net Buyer over this period of time.
- Commsec (notoriously retail investors) - a net seller at average 0.015 (i hate to say it, but this looks very much like a 'shake down').
Timeframe: 5 Trading days ( 30th July > 12th Aug
- Euroz AGAIN a netbuyer (at 0.015), and almost non existant selling.
- Commsec AGAIN - a net seller at 0.015 (yes, you are likely getting pilphered by instu investors). If you're reading this Euroz, bravo.
Timeframe: Specific high volume day and what I suspect was capitulation (Friday 9th Aug).- Euroz solely buying (at 0.014 - what a bargain!).
- Commsec a net seller at 0.014.
I hope this helps to paint a little bit of a picture. The pullback today (15th Aug) was on low volume, after yesterdays (14th Aug) buy up - this is looking on the charts very much like the early stages of a reversal - of what has been a brutal medium term downtrend.Keep in mind, over the next few months (even as early as next week possibly) we are about to get REAL information/data on pel87 (not just speculation which has been driving the sp so far).
Quick one on the charts:
- Stochastic - starting to bottom on the weekly timeframe.
- MacD - entrenched downward momentum is easing, and appears to be a few weeks away from a reversal (i'd expect sideways movement within 0.014 - 0.018 range - unless there is imminent hard catalyst, ie, news). But who knows.
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Last
1.4¢ |
Change
-0.001(6.67%) |
Mkt cap ! $113.8M |
Open | High | Low | Value | Volume |
1.5¢ | 1.5¢ | 1.4¢ | $152.5K | 10.25M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
23 | 9535423 | 1.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.5¢ | 1122101 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 250000 | 0.015 |
29 | 13818794 | 0.014 |
18 | 7130538 | 0.013 |
6 | 2824999 | 0.012 |
7 | 2085272 | 0.011 |
Price($) | Vol. | No. |
---|---|---|
0.014 | 48981 | 1 |
0.015 | 1500000 | 2 |
0.016 | 5929551 | 12 |
0.017 | 7871519 | 8 |
0.018 | 5937878 | 13 |
Last trade - 16.10pm 17/09/2024 (20 minute delay) ? |
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