PER 1.18% 8.4¢ percheron therapeutics limited

vwap's still tell the tale...

  1. 15,276 Posts.
    lightbulb Created with Sketch. 45
    Apparently the world fell apart today...

    But...I look at my account, and see nothing to fear (options in particular did not even change), and the stock appears to be tracking upwards nicely, albeit with traders pushing the margins as far as they can...see VWAP summary chart below.

    Importantly, the VWAP's look well within acceptable ranges and if anything, suggest the close is a bit lower than the underlying interest will sustain.

    Tomorrow being a Friday...as with most stocks waiting on news, should see late buying interest, so on this basis alone, I expect a higher close tomorrow. Given the somewhat stretched closing price relative to the VWAP, which I also expect to add a positive slant, may well combine with the "Friday effect", to result in yet another end-of-week high.

    All good.

    Just one point, if some sort of a deal is currently on the table for ANP, we may well have to endure a little "pressure" as part of the negotiation process...that is, as long as they are the only deal available.

    This is only a slight change though in my mind, especially judging by the volumes of the last two days which more or less cancel each other out.

    On this basis, we have a very strong case that a base has been formed at current levels, from which the stock's re-rating can now resume.

    Anyway...judging by the moderated threads, I think it was just as well I was otherwise occupied today and not subjected to the frustration of agenda driven posting at its worst.

    Life can be stress free if you let it...why not try?

    Cheers


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Last
8.4¢
Change
-0.001(1.18%)
Mkt cap ! $75.72M
Open High Low Value Volume
8.4¢ 8.4¢ 8.3¢ $3.097K 37.23K

Buyers (Bids)

No. Vol. Price($)
1 29206 8.3¢
 

Sellers (Offers)

Price($) Vol. No.
8.4¢ 118557 1
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Last trade - 16.10pm 05/07/2024 (20 minute delay) ?
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