On that big volume day there was about 3 million shares dumped on open and the price dropped to around $2.06 and it bounced back on the day.
My 12 part short analysis indicated a potential low level squeeze occurring from about $1.30 on this run up.
I think this run up is a combination of buyers accumulating and some shorts covering. My analysis never indicated that the squeeze was anywhere near as strong as the squeeze in May 2022.
In about July 2022 the price pulled back from $2 ish to $1.35 ish just like this time.
I'd like to see the shorts pay a higher price and not get the opportunity to cover at these prices.
I'm a long-term holder who analyses the shorts out of interest and to help get a feel for entry opportunities.
GLTAH.
On that big volume day there was about 3 million shares dumped...
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Last
$2.25 |
Change
0.050(2.27%) |
Mkt cap ! $1.553B | |||
| Open | High | Low | Value | Volume |
| $2.24 | $2.25 | $2.17 | $3.964M | 1.773M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 22141 | $2.24 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.25 | 17044 | 4 |
View Market Depth
| Last trade - 16.10pm 31/05/2024 (20 minute delay) ? |
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Last
$2.24 |
Change
0.050 ( 2.25 %) |
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| Open | High | Low | Volume | ||
| $2.24 | $2.25 | $2.17 | 278730 | ||
| Last updated 15.59pm 31/05/2024 ? | |||||
| PNV (ASX) Chart |