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Doesn't look like there will be a confirmation of the Selling...

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1,797 Posts.

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29/05/15

17:47

Post #: 15379163
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Originally posted by mitta ↑

Have a 3day chart (3days equal 1candle) it will provide a slightly longer term view of AJX

(the last candle is today only ie. needs another 2days to complete)

View attachment 68668

The Selling Climax

The pain of previous falls will panic the herd into selling. This will give the pro money the opportunity to place substantial amounts of money into the market at bargain prices. Ultra wide spreads down, with exceptionally high volume, usually closing on or near the highs of the day. If the price action does not close on the highs but on the lows and the next day is up closing on the high, this can be regarded as similar action. characteristics of a selling climax .. abnormally large volume, wide spreads, an acceleration of the downtrend.

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Doesn't look like there will be a confirmation of the Selling Climax based on today's candle. Can't see how the next two days will change this view.

Cheers
LTA.

AJX Price at posting: 50.0¢ Sentiment: None Disclosure: Not Held
1 Upvote

0 Great analysis

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(20min delay)
Last 1.1¢		Change 0.000(0.00%)		Mkt cap ! $17.13M

Open	High	Low	Value	Volume
1.1¢	1.1¢	1.1¢	$7.872K	715.6K

Buyers (Bids)

No.	Vol.	Price($)
5	1089829	1.1¢

Sellers (Offers)

Price($)	Vol.	No.
1.2¢	175574	4

View Market Depth

No.	Vol.	Price($)
5	1089829	0.011
5	4710099	0.010
3	460099	0.009
2	182600	0.008
4	807714	0.007

Price($)	Vol.	No.
0.012	175574	4
0.013	212920	6
0.014	134311	1
0.015	1280046	5
0.016	35000	1

Last trade - 15.52pm 21/05/2024 (20 minute delay)

AJX (ASX) Chart

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