The price needed a breather. Nothing goes up in a straight line (been said before). However, the market is waiting for that catalyst to drive renewed buying. This is just the short term players getting impatient or scared or simply locking in some gains over the past few weeks.
In any case, as a longer term investor, you shouldn't be concerned about some seesawing action. It's only if the fall becomes a plunge. That's when capital preservation tactics are important.
For me, there's nothing fundamental driving this selling - other than the factors I have mentioned before.
All IMO, of course.
PLS chart, page-292
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Last
$2.41 |
Change
-0.170(6.59%) |
Mkt cap ! $7.257B | |||
| Open | High | Low | Value | Volume |
| $2.57 | $2.60 | $2.41 | $64.35M | 25.99M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 123970 | $2.41 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.42 | 15148 | 3 |
View Market Depth
| Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
| PLS (ASX) Chart |