Pure conjecture here but...
IMO the short position holders need to get some capitulation volume to be able to close without losing their shorts(shirts). They have nothing to lose by putting a lot of pressure on the SP in the hunt for holder's stop losses before the next news comes out around the 28th.
My next buy point is 1.98 which is not ludicrous as the sell pressure is being piled on right now. The opportunity for a deep pocket to buy is getting better by the day.
PNV - Chart, page-7389
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Last
$2.32 |
Change
-0.020(0.85%) |
Mkt cap ! $1.602B | |||
| Open | High | Low | Value | Volume |
| $2.35 | $2.37 | $2.30 | $2.354M | 1.012M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 11423 | $2.31 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.33 | 8018 | 1 |
View Market Depth
| Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
| PNV (ASX) Chart |