Resistance is apparent at $2.70. However, selling pressure at that level has been weak; volume was 0.4 times average during the single occasion when the resistance price was breached in the last one month. In the last one month the high was at $2.70 on Nov 11.
The stock traded between an intraday high of $2.46 and a three-day low of $2.30. The price range has expanded in the last two days (from 8.0c three days ago to 16.0c yesterday) which, accompanied by a price rise, is a bullish signal.
Open Interest rose for a second week. Open Interest soared 23.8% from 126 a week ago while PDN climbed 5.6% from $2.24 a week ago. Combined with the rising price this suggests the market is strong.
analysis
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 (20min delay)
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Last
$7.69 |
Change
0.400(5.49%) |
Mkt cap ! $2.300B | |||
| Open | High | Low | Value | Volume |
| $7.54 | $7.84 | $7.52 | $38.43M | 4.996M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 25000 | $7.66 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.69 | 10674 | 2 |
View Market Depth
| Last trade - 16.10pm 18/11/2024 (20 minute delay) ? |
| PDN (ASX) Chart |