Given the position of the dow and spi futures the dow looks like it will battle hard against sellers with buying pouring in to defend the dow....
europe may be looking bad but frances backing for euro bonds appears to added a new perspective...so I'm expecting a rally all round......
friday trading in aust normally a day the Dt's take the profit...but if the rally is sustained in Aust on friday they may have to buy back in at higher levels on monday......
all the above are for guidance as to where the pdn price may go tomorrow....
if the dow breaks 12500 and go higher finishing higher..then the xao will rally and pdn may well follow....
one has to re-member with pdn we are up against organised shorters and boys working in concert ......
should be an interesting open
so far its had 2 morning highs of 125 so it may just take another run at that point and even go on to pass it...and hold for most of the day.......late trading may be different...you never can tell how many profit takers will emerge on a friday....
..but it looks like anything at or below 120 has been a good buy
Given the position of the dow and spi futures the dow looks like...
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Last
$13.17 |
Change
0.100(0.77%) |
Mkt cap ! $3.937B | |||
| Open | High | Low | Value | Volume |
| $13.07 | $13.32 | $13.02 | $24.53M | 1.864M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 5740 | $13.16 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $13.18 | 1012 | 2 |
View Market Depth
| Last trade - 16.10pm 10/07/2024 (20 minute delay) ? |
| PDN (ASX) Chart |