As you would have seen, this morning saw the arrival of some decent buying volume at $0.32 and $0.315.
I suspect that present sellers are trading the stock and probably intend to reenter. Their reentry will support the stock around $0.30 and if the price pushes higher, as I think it will, the sellers will chase the bidding up in an attempt to reenter.
Its looking good at the moment and I still think with a decent set of full year results we will move towards $0.40 by years end.
By the way, I thought there might have been some more activity in PGC on Monday with the first day of the HSO listing but it was a quiet day.
strong support from here, page-34
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Last
41.3¢ |
Change
-0.003(0.60%) |
Mkt cap ! $682.8M | |||
| Open | High | Low | Value | Volume |
| 40.5¢ | 41.5¢ | 40.5¢ | $150.6K | 366.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 48316 | 41.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 41.5¢ | 92516 | 5 |
View Market Depth
| Last trade - 14.14pm 30/08/2024 (20 minute delay) ? |
| PGC (ASX) Chart |