Zubana, I like your thinking.
By using the negative news and doubt to push the price extra low during this test it may have ensured that "frustrated" volume will flow in and supply the demand as the price starts going up again.
Besides the Bot selling, there doesnt seem to be a lot of real supply down into 4.3 this afternoon and although they may force a close at 4.2, I have seen today as largely positive and supportive of my current point of view.
When the breaks are let off the next run could be interesting!
4.6 ? what next up or down? , page-59
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Last
11.5¢ |
Change
0.005(4.55%) |
Mkt cap ! $366.3M | |||
| Open | High | Low | Value | Volume |
| 11.0¢ | 11.5¢ | 10.5¢ | $2.185M | 19.39M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 1892350 | 11.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.5¢ | 3719 | 1 |
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| PEN (ASX) Chart |