@caj1smithy
The instos will keep moving this around till they exit. As I predicated, they squeezed out all the shorters who shorted yesterday around 3.93 and pushed price to close to $4. Then hammered the excited buyers who thought this would get over $4 in one go. Now those buyers are stuck or sold back to them with their stop losses. So some shorts will be covered there. Rinse and repeat.The big picture over the coming weeks will be how do they close out the 15% short position? It will be done with a lot of artificially generated volatility.We now have a pullback at the 61.8% fib (3.79) from todays move off the bottom(3.68) to 3.98. If that holds, I would expect another run in the arvo.
PLS chart, page-19198
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Last
$2.98 |
Change
-0.030(1.00%) |
Mkt cap ! $8.974B | |||
| Open | High | Low | Value | Volume |
| $3.00 | $3.11 | $2.97 | $82.16M | 27.12M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 65571 | $2.97 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.99 | 7500 | 1 |
View Market Depth
| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| PLS (ASX) Chart |