About you're call on the higher volume today, I also noticed that, but its a hint to me that perhaps its a turning point, or the start of one?
I'm surprised PEN opened calm today (unless it was a late open I missed??) and ONLY AFTER (allowing) 10mins someone/people dumped millions kicking the price down 12%+ to 3.3c in 3 MINUTES!
In over 3 years spent watching PEN closely, I can't ever remember seeing that.
Possibly a panic chain reaction set off by large holders who then recouped during the day at lower price? Or they haven't yet and want the downtrend to continue for accumulation - perhaps the opposite of the pump and dump?
dump and pump and pump and dump? perhaps not to be called that because it would be the start of a multi-month movement and not short term.
However it might make sense since if you were a large holder you'd be happy to drive the price down to accumulate.
Anyway, a very unusual start to the action today IMO
chartist 1, rest 0, page-112
-
- There are more pages in this discussion • 11 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add PEN (ASX) to my watchlist
 (20min delay)
|
|||||
|
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 |
View Market Depth
| Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
| PEN (ASX) Chart |