As I write this, the sell side of PDN is starting to dry up, despite the bots slamming it down 13 cents in a few minutes with loads of tiny, single-digit trades.
But the sell side, which usually outnumbers the buy side (even when PDN is rising) is down to 1.6 million shares, while the buy side is increasing - 1.32 million as I write this.
Could we see a rather sudden, explosive short-covering run and bounce any time soon?
A lot of those shares on the sell side, too , are WAY above the current share price, while the buy side volume is more towards the current price.
The impression from looking at that market depth is that we may just see a bounce happen soon - and it may be quite violent...
is thebalance tipping?
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 (20min delay)
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Last
$12.40 |
Change
-0.160(1.27%) |
Mkt cap ! $3.701B | |||
| Open | High | Low | Value | Volume |
| $12.50 | $12.54 | $12.15 | $33.45M | 2.706M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 6658 | $12.39 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $12.40 | 290182 | 1 |
View Market Depth
| Last trade - 16.10pm 26/06/2024 (20 minute delay) ? |
| PDN (ASX) Chart |