mitta. i know your software and vsa bible calls that red downbar( just under your (1) where volume was high ) a sign of weakness.
but if you combine the next red downbar with the one i described in the first paragraph, you have a huge downbar with a huge volume, and huge spread.
all i have read tells me this is a sign that selling could have been overdone. so this to me is a sign of strength. especially if a series of low volume, upbars follow, showing the accumulation coming in. and those did appear.
yesterdays downbar is low volume and low spread and does not change my interpretation - but we do need more confirmation today n tomorrow.
wee with a few rees , page-33
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Last
$6.30 |
Change
-0.110(1.72%) |
Mkt cap ! $5.879B | |||
| Open | High | Low | Value | Volume |
| $6.31 | $6.34 | $6.27 | $5.236M | 832.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 30 | 10130 | $6.29 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.30 | 15148 | 43 |
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| Last trade - 12.52pm 10/07/2024 (20 minute delay) ? |
| LYC (ASX) Chart |