Since peaking in the first week of the new year, GEV has been in steady decline - not exactly helped by the market shenanigans that transpired in early Feb and caused across-the-board weakness; especially in the smaller end.
I must admit that I'm surprised and a little disappointed that there hasn't been any real follow through buying on what I thought was an excellent announcement yesterday. However, upon looking at the weekly chart, I see that we have a break of downtrend following 7 descending weeks.
I'm not fully convinced yet as I'd like to see better volume characteristics; however, in the announcement it seems as though a follow up report with the Indian counterparty to the deal is imminent and I then suspect that the market will be much wiser about the magnitude of this deal and its implications for GEV.
Suffice to say that I'm a believer and have continued to accumulate at current levels as I feel a rerating is not far away.
- Forums
- ASX - By Stock
- PV1
- Technicals
Technicals
- There are more pages in this discussion • 129 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add PV1 (ASX) to my watchlist
(20min delay)
|
|||||
Last
3.9¢ |
Change
-0.001(2.50%) |
Mkt cap ! $23.32M |
Open | High | Low | Value | Volume |
4.0¢ | 4.1¢ | 3.9¢ | $15.18K | 378.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
8 | 341845 | 3.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.0¢ | 43064 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
8 | 341845 | 0.039 |
11 | 802716 | 0.038 |
6 | 450600 | 0.037 |
4 | 157864 | 0.036 |
6 | 327985 | 0.035 |
Price($) | Vol. | No. |
---|---|---|
0.040 | 43064 | 1 |
0.041 | 145029 | 4 |
0.042 | 88000 | 1 |
0.043 | 103807 | 2 |
0.044 | 548526 | 7 |
Last trade - 13.46pm 24/05/2024 (20 minute delay) ? |
|
|||||
Last
3.9¢ |
  |
Change
-0.001 ( 4.88 %) |
|||
Open | High | Low | Volume | ||
4.0¢ | 4.0¢ | 3.9¢ | 127406 | ||
Last updated 13.46pm 24/05/2024 ? |
Featured News
PV1 (ASX) Chart |