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4.2¢ magnis energy technologies ltd

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Names little

17,843 Posts.

1250

30/05/16

19:06

Post #: 17905202
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Originally posted by hatmopit ↑

NL - 'The volume seems to be going in the opposite direction to the price, is that called divergence?'

That's called lack of supply (volume) in a high demand stock = rapid price rise on low/average volume = sensible people appear to be holding onto their shares & why wouldn't they ? It will reach equilibrium somewhere, just hard to say where at this stage as demand is very high & supply is very tight just at present. Good time to be holding.

I'm not sure what page/chapter that will be on in your book but I am sure you will find it somewhere. If not try a secondary school economics text book & look up 'demand & supply' - oh that's right everybody does that stuff on the internet now don't they - here try this:

http://www.dummies.com/how-to/content/how-to-determine-price-when-supply-or-demand-curve.html
.

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Hi Hatmopit, looks like you were misled by Globals incomplete chart, volume rising, price rising, by the looks, anyone expecting a speeding ticket.

MNS Price at posting: 76.0¢ Sentiment: None Disclosure: Held
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