PDN was positive today until the ASX started to drop off a cliff.
Suspect the shorting is not just PDN, but the market.
The next Fib support on the ASX is a tadd over 3800.
A measured gap from the recent PDN double top to the base extrapolated lower gives somewhere around $1.15 as a likely target.
I for one never thought it'd get here so quick.
Also Google this ... "The Thursday/Monday Syndrome ? We had suggested yesterday that we should probably explore the history of what old fogey traders refer to as the Thursday/Monday syndrome. While it would be pretensions to say that was prophetic, it was, to say the least, serendipitous, for yesterday's action looked like the perfect first step in a Thursday/Monday setup.
another new low, page-52
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 (20min delay)
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Last
$7.08 |
Change
-2.600(26.9%) |
Mkt cap ! $2.159B | |||
| Open | High | Low | Value | Volume |
| $7.74 | $7.74 | $6.88 | $89.89M | 12.32M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 19 | 5564 | $7.08 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.09 | 2588 | 9 |
View Market Depth
| Last trade - 13.42pm 12/11/2024 (20 minute delay) ? |
| PDN (ASX) Chart |