if shorters wanted to get out before the result they would be buyers ie buy stock they have sold which is highly unlikely.
My read is that someone put in a bet on the share price going up about 2pm and then shorters sold stock just before the close which would account for the big red bar.
in any case a 2.8% rise on average volume doesn't really tell us anything about what the result will be tomorrow. Just that there a few opportunists out there who are willing to have a bit of punt on what that might be.
Probably better to react rather than predict.
PLS chart, page-20708
Add PLS (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$2.99 |
Change
0.010(0.34%) |
Mkt cap ! $9.000B | |||
| Open | High | Low | Value | Volume |
| $2.93 | $3.01 | $2.89 | $104.7M | 35.12M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 11874 | $2.98 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.99 | 65336 | 3 |
View Market Depth
| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| PLS (ASX) Chart |