What an uneventful week with SP trading flat. But this week's volume of 5.747M is more than double from last week's 2.839M. Buying interest is certainly returning.
I have noticed a few interesting sell orders going through the system towards the end of day yesterday Thur 21.01.2021:
These are tell-tale signs of professionals at work as retail investors would not sell 1 share for 15c and pay $20-30 brokerage. Purposely driving SP down from 15.5c to 15c by continually selling a few shares at a time is a blazen attack on the SP. You would have seen this being done to larger cap stocks like SLR. It appears that the professionals are now interested in "controlling" PYC's SP. No wonders the SP was artificially pushed down for 3 days in a row by sell orders submitted in the dying seconds before the market closes at 4:10:00 PM.
LT investors should take note of the near term impetus on the horizon:
- Large animal model toxicity readouts in Q1/Q2 2021.
- PYC is very likely to be included into the ASX300 Index in Mar-2021, SP would start to move upwards, and some instos and funds might scoop them up by the tentative index closing date of 11.02.2021.
On the TA front, both the upper and lower Bollinger Bands are starting to point upwards. The last 10 candles are also closing above the midline of the Bollinger Band. These indicate the momentum would stay on the positive side. As mentioned before, investors are still waiting for good news to give them a reason to buy. Next Friday 29.01.2021 is a key date when the Head & Shoulder reversal zone would end. Let's hope PYC would rise above this zone on the brighter side.
My 4 favorite TA indicators:
- Fast stochastic flipped tothe upside today. (Buy).
- MACD flipped to the upside but flatat 0 (Hold). Watch for uptrendto be confirmed when > 0.
- RSI break back above 50and at 55 is a fresh BUY. (Buy).
- Slow Stochastic flipped tothe downside with shallow gradient (weak Sell)
- Overall, it is a Hold to a Buy.
- Please refer to Chart #2 for more signals.
These are my analysis and TA thoughts, DYOR! If you would like more of these charts and analysis, please click the "Great analysis" button for encouragement.
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Last
12.0¢ |
Change
-0.010(7.69%) |
Mkt cap ! $559.9M |
Open | High | Low | Value | Volume |
13.0¢ | 13.0¢ | 11.5¢ | $308.5K | 2.533M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 358350 | 11.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
12.0¢ | 371822 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 317789 | 0.115 |
11 | 637126 | 0.110 |
10 | 1183875 | 0.105 |
13 | 2325475 | 0.100 |
3 | 113721 | 0.099 |
Price($) | Vol. | No. |
---|---|---|
0.120 | 371822 | 1 |
0.125 | 217835 | 3 |
0.130 | 619798 | 7 |
0.135 | 100000 | 1 |
0.140 | 721230 | 7 |
Last trade - 16.10pm 03/09/2024 (20 minute delay) ? |
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PYC (ASX) Chart |