I'm probably over-analysing it but the way it looks.. In big picture Perishing been playing their own game along with other profit takers lately while State One and Westpac retail investors have been heavily accumulating and both haven't dumped yet. Positive sign that our two biggest groups of accumulators still holding strong and weren't interested in dumping even when it was in the 3s (what is their target? ). Euroz also finding value with their large buy-in at 2.8.
Share price currently at 2.2.. from broker data alone, to me it is already suggesting a 'buy' at current levels as there is going to be atleast a big reversal back into the 3s before we review imo. Your thoughts LB?
MNQ Price at posting:
2.2¢ Sentiment: Hold Disclosure: Held