Director Alan Tribe's purchase of 600,000 shares @ 13.5c last Wed 17.02.2021 should boost investors' confidence and setting a floor price. He is now holding 971,420,136 share, and each 1c increase in share price would mean $97M to his paper wealth. If the company even has a hint of not doing well, I am sure he would be very keen to offload some of his holding.
Picking up on Post #: 51174855 from @andrewk65, the Top 20 Shareholders are actually holding 68.64% of total shares on issue worth $293M. Nearly half of that or 30.11% to be exact is held by Alan Tribe. This shows he really believes in the success of PYC. Failure is not an option!
TA Analysis:
- SP broke through the bottom of uptrend line which is a bummer. The continual hammering down of the closing price by BOTs are not helping.
- The Bollinger Band's upper and mid lines are now pointing downwards, but lower line is flat. So it is losing steam but not all down yet. Let's hope Alan Tribe's purchase of 600k share would help settle the nerves.
- 13.5c is right on 200MA which is usually a very strong support. It is also on the 23.6% Fibonacci retracement level. If it fails to hold, it would be heading towards 11.5c which was the starting point of the CR hype.
My 4 favourite TA indicators:
- Fri 19.02.2021 Fast Stochastic flipped to the upside = BUY
- Tue 16.02.2021 MACD flipped down, < 0 but about to cross up = HOLD
- RSI now at 44, < 50 but pointing up, it is a HOLD
- Mon 15.02.2021 Slow Stochastic flipped down and < 50 = SELL
Overall, it is a HOLD.
Mankind is winning the battle against COVID-19(see Chart #2 below)
Since the commencement of mass vaccination, the worst infected country USA has shown marked signs of improvement. Just look at their 14 day changes:
Once the infections are under control and the vaccination status is stored in the passport, international travel would be able to resume and the global economy able to recover.
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.
https://www.nytimes.com/interactive/2020/us/coronavirus-us-cases.html
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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 |