Just seems like a typical physiological resistance level.
Just after 3pm today the stop loss attacked occurred. Shake shake shake. Well executed by the looks too. With any luck they attack the buy side again tomorrow for a nice entry in the low 8c range. I assume there's a bunch of stops just below 9c. Coincidence this trade occurred then an hour later the attack happens. Maybe...maybe not
'A few well-placed sell orders on a quiet day will drive the stock below its' support level. Stops are triggered, sending a flood of sell orders into the market. Everyone takes fright while our market professional steps forward and scoops the pool; buying in the face of the correction. Selling dries up when the stops are filled and the stock soon recovers back into its normal trading range. Everything returns to normal; except that our market professional now has a sizeable parcel of stock, accumulated at bargain-basement prices; and a group of punters curse their luck while the stock soars into the stratosphere.'
<2 weeks till results. I'll buy the dip.Cheers to the pro's. Keep shaking.
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Last
25.5¢ |
Change
0.010(4.08%) |
Mkt cap ! $599.4M |
Open | High | Low | Value | Volume |
24.5¢ | 25.5¢ | 24.3¢ | $966.6K | 3.894M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 20999 | 25.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
25.5¢ | 21982 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 20999 | 0.250 |
2 | 21399 | 0.245 |
9 | 510173 | 0.240 |
2 | 150999 | 0.235 |
4 | 227121 | 0.230 |
Price($) | Vol. | No. |
---|---|---|
0.260 | 230175 | 4 |
0.265 | 60175 | 2 |
0.270 | 131038 | 4 |
0.275 | 584576 | 6 |
0.280 | 298500 | 4 |
Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
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PDI (ASX) Chart |