Any thoughts on the wall of sellers gathered around 2.95 to 3.00? Looks like it's starting to be chipped away...pics below from 10.30am and 11.40
I was wondering if it's:
(a) actual sellers
(b) fake sell wall where the strategy is to encourage sellers to sell under price and accumulate and then remove the wall later. if the strategy was distribution surely they'd be breaking the lots into smaller parcels..or have a bot do it for them. or maybe they just can't be bothered?
(c) bit of both...
either way if this resistance is cleared it will probably result in a significant break upwards...otherwise battle of the bulls and bears continues...
curious how others interpret the order book
PNV - Banter and General Comments, page-1731
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Last
$2.44 |
Change
0.005(0.21%) |
Mkt cap ! $1.685B | |||
| Open | High | Low | Value | Volume |
| $2.41 | $2.46 | $2.39 | $773.7K | 318.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 22 | 12811 | $2.43 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.44 | 11386 | 33 |
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| Last trade - 13.06pm 10/10/2024 (20 minute delay) ? |
| PNV (ASX) Chart |