I've traded PPS successfully in the past but its ragged sawtooth price action can throw you in and out of trades if using an entry technique like trendlines. The video below explores a backtest exercise I did today which also threw up some interesting information about how to trade this stock. It also shows that price is currently making some moves which might provide an trading opportunity. Probably just for the chartists but the two backtest trades showing 349% and 85% gains (admittedly over several years) might be of interest to others.
https://youtu.be/WB2RUw1Oc0I
I've traded PPS successfully in the past but its ragged sawtooth...
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 (20min delay)
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Last
44.5¢ |
Change
0.015(3.49%) |
Mkt cap ! $208.7M | |||
| Open | High | Low | Value | Volume |
| 43.5¢ | 45.0¢ | 43.0¢ | $125.0K | 284.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 22081 | 44.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 45.0¢ | 10062 | 6 |
View Market Depth
| Last trade - 10.32am 19/04/2024 (20 minute delay) ? |
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Last
45.5¢ |
Change
0.015 ( 3.06 %) |
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| Open | High | Low | Volume | ||
| 44.0¢ | 45.5¢ | 43.0¢ | 56457 | ||
| Last updated 11.02am 19/04/2024 ? | |||||
| PPS (ASX) Chart |