I am watching this stock looking for an entry. But I am of the opinion that downside risks are still to high for entry. The 2 highest volume weeks since Dec 2011 are still in the relative near background of August 2013 and the other in the immediate background on 20 Jan 2014. This is indicating to me that major sellers are still active and all that selling is effectively capping the upside price of this stock.
Another short term downside risk is that the price is at the top 3/4 point of the long term downward trend channel. The 20 Jan event was a show of respect for the top of the channel. I haven't seen anywhere near the same respect for the downside in my charts yet.
I think there is a better shorting opportunity when the price gets close to the top of the channel in the high 50c's
I know what I said is against most of the sentiment of this thread but decided to put my 2c in anyways.
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Last
$13.81 |
Change
-0.170(1.22%) |
Mkt cap ! $4.179B |
Open | High | Low | Value | Volume |
$13.78 | $13.88 | $13.78 | $1.172M | 85.07K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 116 | $13.81 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$13.83 | 2684 | 8 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 5007 | 14.670 |
2 | 188 | 14.400 |
1 | 75 | 14.350 |
1 | 17 | 14.310 |
1 | 4000 | 14.300 |
Price($) | Vol. | No. |
---|---|---|
12.590 | 650 | 6 |
12.860 | 13941 | 1 |
13.020 | 1574 | 1 |
13.160 | 18 | 1 |
13.220 | 2 | 1 |
Last trade - 10.08am 12/07/2024 (20 minute delay) ? |
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PDN (ASX) Chart |