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Great thanks for the insight. Wish i had some more $$ to buy at...

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Northy88

26 Posts.

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15/10/21

13:22

Post #: 56828309
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Originally posted by tradingformils: ↑

We went through their last month of trades from 23 Aug to 28 Sept (when they announced the 'Ceasing to be a substantial holder' update).

During this time, Perennial did roughly 30-35% of the daily average volume; however, the run rate picked up to 40-45% during the last 4-7 trading days.

Perennial sold 1.76 million shares between 22-24 Sept. They were down to 7.346M shares as at 24 Sept.

Looking at the daily volume and estimating that they did 35-40% of the trading, we got that ~5M estimate that we mentioned earlier in this thread.

It wasn't just picked out of the blue.

That said, Perennial might have sold more than we estimated and - in fact - the ~4M share sale today might be the final trade.

That means that Perennial could be out for good!

Keep in mind, Perennial did multiple 3-4M trades on the 14th of Sept (see announcement on 23 Sept).

So, while this 4M trade seem positive, we can't get excited yet...

We NOW need buying volume to suggest that Perennial's out for good.

Fingers crossed they are because they would have weighed on the share price action for several more weeks.

We need a good piece of news to send the share price skyrocketing.

Anyone that buys around these price levels, in our opinion, should make good money!

To your first million,
-Trading For Millions.

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Great thanks for the insight. Wish i had some more $$ to buy at these levels so guess i just have to wait it out to get back above 26c but im sure it will some time in the near future. Cheers and good luck to all who are getting in at these prices

AL3 Price at posting: 14.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 18.0¢		Change 0.000(0.00%)		Mkt cap ! $68.23M

Open	High	Low	Value	Volume
17.5¢	18.0¢	17.5¢	$126.1K	712.3K

Buyers (Bids)

No.	Vol.	Price($)
7	279570	17.5¢

Sellers (Offers)

Price($)	Vol.	No.
18.0¢	28453	2

View Market Depth

No.	Vol.	Price($)
5	168142	0.175
8	302293	0.170
9	808131	0.165
4	78700	0.160
8	302432	0.155

Price($)	Vol.	No.
0.180	28453	2
0.185	105400	2
0.190	460195	8
0.195	953652	19
0.200	1674523	19

Last trade - 16.10pm 11/10/2024 (20 minute delay)

AL3 (ASX) Chart

Great thanks for the insight. Wish i had some more $$ to buy at...

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Great thanks for the insight. Wish i had some more $$ to buy at...

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