hi carolz
this would be my reason:
sellers put their sell orders in at 10.5.
buyers buys it.
seller pust a buy in at 9.9 waiting for a buy again.
9.9 o 10.5 is the quickest gain to make in which is only 3 positions away.
if you buy in at 9.1 you would have to wait till 9.7 to make the same gain in $$$ terms, and that is 6 places away.
so selling at 10.5 and buying at 9.9 "looks" quicker in terms of price retracements
the wall is too thick at 105, page-8
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Last
11.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $350.5M | |||
| Open | High | Low | Value | Volume |
| 11.0¢ | 11.0¢ | 10.0¢ | $1.445M | 13.58M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 918733 | 10.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.0¢ | 6247028 | 46 |
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| Last trade - 16.10pm 29/07/2024 (20 minute delay) ? |
| PEN (ASX) Chart |