Funny how quick sentiment in a stock can change. Last Thursday it was all smiles and and high fives ready for the financial and today it's doom and gloom. As suggested by some, the report was what was expected and growth is still accelerating. The only thing that has changed is the price. I have to give credit to the shorters here, they held their nerve (most of them) to the end knowing regardless of the results that they would be able to drive the price down. That paired with US craping the bed on Friday, made a perfect scenario for them. Honestly, I see this maybe dropping a few more days, depending on the marco environment, before we see the shorters start to cover and move on. After they are done with us, they will move onto the next, and we will continue the climb back up.
Good luck everyone, I know my nerve has been tested these last 2 days, but I won't sell.
Funny how quick sentiment in a stock can change. Last Thursday...
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Last
$2.58 |
Change
0.020(0.78%) |
Mkt cap ! $1.780B | |||
| Open | High | Low | Value | Volume |
| $2.61 | $2.63 | $2.56 | $2.465M | 952.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 10700 | $2.57 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.58 | 24502 | 5 |
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| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| PNV (ASX) Chart |