Reggierrabbit,
History shows us that this is the case. Please bring up the MSB chart and look for those days where volume is at extreme high levels and where the price has also dropped. You will observe that very soon after this action the price will rise strongly.
Further to this, on these strong volume days the funds and commercial traders are buying (this is why the volume is up). I can tell you that when they enter they do so for a reason. Good news usually follows and the price will go up. The price should go up in any case.
What we have today with MSB is a rather timid response to yesterday's action, so we will just have to wait and see.
Alhambra.
Trading high volume, page-6
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Last
88.5¢ |
Change
-0.085(8.76%) |
Mkt cap ! $1.010B | |||
| Open | High | Low | Value | Volume |
| 95.0¢ | 95.0¢ | 88.0¢ | $9.657M | 10.58M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 140818 | 88.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 89.0¢ | 3680 | 1 |
View Market Depth
| Last trade - 16.10pm 05/08/2024 (20 minute delay) ? |
| MSB (ASX) Chart |