PFE 0.00% 2.3¢ pantera minerals limited

What a sorry chart this is, irrespective of the timeline...

  1. 2,252 Posts.
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    What a sorry chart this is, irrespective of the timeline used.

    The daily chart shows EMA 20 at 2.8 cents, I would consider this the first point where it would need to break and hold to show any promise. Time and time again this stock has been unable to hold this with success, even at the start of the month when it was in the 3s. EMA 50 is sitting at just 3.3c and for those playing at home, EMA 200 has now dropped to the 5 cents even mark.

    The weekly chart shows EMA 20 at 3.6 cents, and EMA 50 at 5.0 cents.

    The largest turnover of shares has been at the 5.0-5.2 cents area, suggesting share flipping post-5c CR for barely any profit, which has proven to be the right strategy for those holders, who can now buy twice as many shares with the same money. The recent CRs at 5.0 and 3.5 cents have predictably provided ammunition for this stock to be dumped further within a lithium market with poor sentiment and an uncertain economy both here and abroad.

    With the stock's all-time low (2.2c) sitting just underneath the current SP, remember this IPO'd at 20c only a few years ago, everyone is underwater here. One positive for holders is that the trading volumes under 3 cents has been much shallower, although this may just be a product of lack of time. If the company doesn't find a winner and soon, this small positive will be broken by time itself as holders get nervous and/or tired then sell, adding to the existing downward pressure.
 
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Last
2.3¢
Change
0.000(0.00%)
Mkt cap ! $8.717M
Open High Low Value Volume
0.0¢ 0.0¢ 0.0¢ $0 0

Buyers (Bids)

No. Vol. Price($)
2 600099 2.2¢
 

Sellers (Offers)

Price($) Vol. No.
2.3¢ 131497 1
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Last trade - 07.00am 01/11/2024 (20 minute delay) ?
PFE (ASX) Chart
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