For those waiting for the gap at what is it, 3.70 - 3.77, to fill.
If I was a big boy rag dolling the share price in cohorts with other big players I wouldn't be letting it take out the gap. Why ?
Because if the price hits 3.70 its like a green light for all those retail or pro waiting for the gap to fill to start buying en masse. It's a green light.
Whereas if the low finishes at todays low of 3.79 then what we are going to see is a disbelieving rally higher with lots more people waiting on the sidelines saying to themselves 'yeh but it's still gotta turn around and take out the gap'. We are going to see a disbelieving rise higher with less participation.
If this was to occur, as the SP climbs back over 4.25 the big boys would be entitled to say to the people who missed the dip - "you greedy f*er. You wanted 3.70 and yet you never bought under $4'
PLS chart, page-11422
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Last
$4.10 |
Change
0.090(2.24%) |
Mkt cap ! $12.33B | |||
| Open | High | Low | Value | Volume |
| $4.02 | $4.17 | $4.00 | $91.74M | 22.42M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 12066 | $4.10 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.11 | 223809 | 10 |
View Market Depth
| Last trade - 16.10pm 17/05/2024 (20 minute delay) ? |
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Last
$4.10 |
Change
0.090 ( 2.33 %) |
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| Open | High | Low | Volume | ||
| $4.02 | $4.17 | $4.01 | 6329493 | ||
| Last updated 15.59pm 17/05/2024 ? | |||||
| PLS (ASX) Chart |