The fundamental is there, but...TA won't work when an investment house is shorting their crap out of it. This won't stop until the short terms debts are fixed from 1/4 of Heinrich mine sale..
They shorted nearly 2.8mil shares from the run yesterday..
http://www.asx.com.au/data/shortsell.txt
Not much small players like us can do but playing along with it. Reduced my holding this morning... They may push it down to the lower 50s next week ?... Good luck
bullish signal?, page-6
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Last
$12.49 |
Change
-0.540(4.14%) |
Mkt cap ! $3.735B | |||
| Open | High | Low | Value | Volume |
| $12.92 | $12.93 | $12.42 | $40.71M | 3.247M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 15 | $12.49 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $12.50 | 1000 | 1 |
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| Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
| PDN (ASX) Chart |