PYM 0.00% 0.0¢ pryme energy limited

I think there are good reasons to believe that we are currently...

  1. 4,018 Posts.
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    I think there are good reasons to believe that we are currently in an accumulation phase.

    During 2015, we have broadly sat in a trading range between 0.006 and 0.007, with small touches either side into 0.005 and 0.008. Since early April, there has been higher average daily volume (circled) without any meaningful share price appreciation (small touches into 0.008 as noted above).

    The OBV line has also increased, which basically means that more volume is being bought than sold.

    Interesting to note that every time we lose momentum, the bid side gets stacked, whilst every time we gain momentum the ask side gets stacked (as has occurred today).

    Looks like a professional job to me and if I’m right, that 3M at 0.007 would be money well spent.

 
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Currently unlisted public company.

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