It seems about 10m shares have changed hands since 30c was breached on the way down, or about 15% of the register. Good purge as far as I'm concerned. The change in sentiment, shown clearly on the chart, is strong and will persist. There's more easy short term profit to be scalped here I reckon, though as I have said in the past, 30c should offer some resistance. 15% changing hands is pretty significant when considering the implications of an overhang from 37c, I reckon it'll get there fairly quickly. After that it's going to be harder yards.
It's a classic accumulation pattern, with a hint of desperation.
It seems about 10m shares have changed hands since 30c was...
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Last
43.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $720.0M | |||
| Open | High | Low | Value | Volume |
| 43.5¢ | 43.5¢ | 42.5¢ | $116.2K | 270.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 16876 | 43.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 43.5¢ | 100603 | 5 |
View Market Depth
| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| PGC (ASX) Chart |