Calm before the surge??
Observations:
Daily average volume has been decreasing for three weeks.
Today is very low and may end below 4.0M.
To get to 4.0M today however, maggots will need to take foot off break a little if they want to accumulate cover which is now decreasing (-T4). Cover is not going to be achieved on 2.9M throughput. Might get a slight increase in this last session as they probably need to hit some targets.
Last occurrences at this level of volume (eg Monday 14 Sept and Monday 5 Oct) were followed by vol surges which increased SP.
I think they have a dilemma, as last attempt to suppress cost expenditure of 30.5M shorts for little result and slowing volume indicates to me that the creek is drying/dried up.
Ann: 2020 Annual Report, page-11
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Last
$2.89 |
Change
0.040(1.40%) |
Mkt cap ! $8.703B | |||
| Open | High | Low | Value | Volume |
| $2.78 | $2.89 | $2.78 | $29.90M | 10.51M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 39193 | $2.88 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.89 | 73947 | 7 |
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| Last trade - 16.10pm 01/11/2024 (20 minute delay) ? |
| PLS (ASX) Chart |