PTN 1.52% 6.5¢ patronus resources limited

Ann: Trading Halt, page-36

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 3,014 Posts.
    lightbulb Created with Sketch. 195
    EnsorD

    It is a new (tongue in cheek) Technical Analysis tool named after/by one of our regular posters here on the KIN forum. It has yet to be applied to any of the TA websites as we KINdred posters are the only ones who know how to it works , hence not on Google yet as we are probably ahead of the game as we are with KIN.

    In simple terms it goes something like this :

    Share Price action is inversely proportional to positive "share price sensitive" announcements.

    Historically (at least recently) , KIN sp has gone in the opposite direction in equal proportiona to the sentiment of the announcement i.e., Good News = Share Price goes down ?

    Applying the same rule we therefore assume the inverse applies .
    So theroretically , within 24 hours of the CR announcement (Monday) we should see a good bounce in the share price north.

    We are yet to experience this side of the equation but as it removes doubt , it may well apply ?

    It is all in good fun ED , so I hope "Mansell's Law" applies. If you read posts over the past few weeks by Mansell.. you will get the idea.
    Hope this explains it.
    Cheers
 
watchlist Created with Sketch. Add PTN (ASX) to my watchlist
(20min delay)
Last
6.5¢
Change
-0.001(1.52%)
Mkt cap ! $106.4M
Open High Low Value Volume
6.8¢ 6.8¢ 6.5¢ $17.82K 269.1K

Buyers (Bids)

No. Vol. Price($)
8 595472 6.5¢
 

Sellers (Offers)

Price($) Vol. No.
6.6¢ 638588 2
View Market Depth
Last trade - 16.10pm 06/11/2024 (20 minute delay) ?
PTN (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.