Mick, if you look back at the chart before the previous accumulation and mark up phase, you will see a similar pattern(Apr-Jul 2008). This is a redistribution phase to complete the mark down phase. Following a sell down, there is an automatic reaction back up into which the professionals distribute. It is followed by a period of low volume downtrend, bottom and accumulation period.
The period that you are referring to was the one that I was posting about and calling as distribution at the time.
CEB, I think I called the start of the MARKUP phase some time ago!
Mick, if you look back at the chart before the previous...
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Last
10.0¢ |
Change
-0.005(4.76%) |
Mkt cap ! $318.7M | |||
| Open | High | Low | Value | Volume |
| 11.0¢ | 11.0¢ | 9.9¢ | $2.282M | 22.18M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 700639 | 10.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.5¢ | 982989 | 17 |
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| PEN (ASX) Chart |