Yes ... big boys manipulating until they can't - then they have to cover. It's a dynamic situation that you can view just like watching a battle from the skies - the key is the volume. There are few people willing to sell now, so equilibrium might have been reached today so the shorts will need to cover - hence a bounce can't be far off.
If the shorts were massive the bounce would be large, and vice versa.
Looking for the volume to be around 2m and the shorts to diminish and start to cover.
Then after a short period - couple of weeks? - another thrust by the shorts. ???
Short Activity in PNV, page-4383
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Last
$2.07 |
Change
0.030(1.47%) |
Mkt cap ! $1.429B | |||
| Open | High | Low | Value | Volume |
| $2.11 | $2.12 | $2.05 | $2.783M | 1.335M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 19976 | $2.05 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.07 | 9633 | 3 |
View Market Depth
| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| PNV (ASX) Chart |