Hedge funds smelling a short squeeze. Seriously bad outcome for shorters here. This was meant to be the catalyst to cover. They even had the luck a bad US lead. If not green today, it will be tomorrow. They really needed the panic to generate the volume. They might have some luck on some downgrades tomorrow to help cover but the technicals today are showing a lot of resiliance which can be explained by the need to cover 15% short position.
PLS chart, page-19189
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Last
$3.14 |
Change
0.090(2.95%) |
Mkt cap ! $9.516B | |||
| Open | High | Low | Value | Volume |
| $3.21 | $3.26 | $3.08 | $66.99M | 21.17M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 29 | 130630 | $3.14 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.15 | 205082 | 70 |
View Market Depth
| Last trade - 15.15pm 07/10/2024 (20 minute delay) ? |
| PLS (ASX) Chart |