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clock Created with Sketch. 28/07/15
20:10
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Originally posted by Cesnsheba
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Another very good day for PEH. The leg up last week has now been sustained and the TA says that the next leg is not far away. Todays close on the days low was likely orchestrated by the pros. The VWAP was strong at 12.63. More shares exchanged hands at 13c than any other price (the days high). It seems there are some brokerage firms out there just buying at whatever the price is at the time whether it be 12c, 12.5c, 13c or even higher. This suggests that a pip here or there won't be an issue in the grand scheme of things when the co releases the next piece of news.
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I wonder if the soft close might also have been attributable in part to some T+3 selling. 3 sessions ago it turned over 8M shares. Could have been some momentum players getting on then who needed to get out today?
