M58, low volume and a narrow range is +ve as it shows the sellers are drying up. The last couple of days have seen low volume testing of the 7.9 level.
With a drying up of supply the share price must start to go up. If we have the good announcements that are due then the share price could well go up in a hurry.
The smartmoney will decide when they have accumulated enough and will take us all for a nice ride when they are ready. In the meantime we will just have to wait patiently and accumulate as funds become available.
low volume, page-31
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Last
11.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $350.5M | |||
| Open | High | Low | Value | Volume |
| 11.0¢ | 11.0¢ | 10.0¢ | $1.445M | 13.58M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 918733 | 10.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.0¢ | 6247028 | 46 |
View Market Depth
| Last trade - 16.10pm 29/07/2024 (20 minute delay) ? |
| PEN (ASX) Chart |