PEN 0.00% 11.0¢ peninsula energy limited

the wall is too thick at 105, page-8

  1. 10,142 Posts.
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    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
 
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