Petra capital are still going hard offloading..UBS are the top...

Petra capital are still going hard offloading..



UBS are the top positive net value for the period, it’s a bit of a phurphy if you see the buy/sell delta

However if you look at financial year to date looks like retail are the biggest accumulators..



FWIW…. Technically if you’re a trader the chart is woeful, the macd is about to cross for a buy signal either tomorrow or Monday but the other indicators tell me it will be short lived.. The downtrend is to strong and well supported..

Yesterdays announcement stopped the share price falling into low 8s high 7s.. Id say Petra eased up on selling after that announcement and retail likely created the bounce.. This is evidenced from the broker data I analyse over time and I’ll know for sure in a few days..

What this tells me is the bounce off the 52 week low will likely kick back up to a close above 10c today but I speculate it’s going to short lived.. I’ve seen this action countless times in equities over the years..

Fundamentals will always trump technicals, so more good news is needed to fuel a reversal of the long term downtrend..