Yes, of course volume is a very important indicator and I have studied VSA and I have mentioned it before on this thread. Someone asked me a while ago about supply and demand . Here is an example, not a great one but it is FLC. Note candles stick 1. We have a rather large green candle. IE, reasonable spread from high to low . Volume is at 234K for the day. 2 days later , we have candle stick 2. Very narrow spread (small candle)but higher volume than candle stick 2. So , all things being equal if the volume was more shouldn't candles stick 2 be larger than candlestick 1? Red or green. Answer ,no, not necessarily. You have to dissect the candles. Candles stick 2 was full of more selling than candles stick 1. Supply.
Yes, of course volume is a very important indicator and I have...
Add FLC (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
12.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $134.5M | |||
| Open | High | Low | Value | Volume |
| 12.5¢ | 13.0¢ | 12.5¢ | $15.42K | 123.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2485 | 12.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.0¢ | 352072 | 3 |
View Market Depth
| Last trade - 16.10pm 24/05/2024 (20 minute delay) ? |
|
|||||
|
Last
13.0¢ |
Change
0.000 ( 4.00 %) |
||||
| Open | High | Low | Volume | ||
| 12.5¢ | 13.0¢ | 12.0¢ | 21846 | ||
| Last updated 13.54pm 24/05/2024 ? | |||||
| FLC (ASX) Chart |