ASX 0.11% $65.22 asx limited

can someone explain market depth

  1. 960 Posts.
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    Hi All,

    I am unsure what I am actually looking for in market depth. Here is some data from one stock TMR. I can see that there seems to be a few high buy orders, but then further down in the sells there are high sell orders as well.


    9 488,385 0.195 0.200 10,966 1
    5 421,151 0.190 0.205 104,283 1
    5 673,950 0.185 0.210 478.754 8
    6 235,555 0.180 0.215 385,000 4
    4 200,000 0.175 0.220 566,891 15
    4 1,490,000 0.170 0.225 448,000 3
    2 66,000 0.165 0.230 324,244 10
    1 20,000 0.125 0.235 445,609 8
    1 10,000 0.120 0.240 369,200 7
    1 40,000 0.110 0.245 100,000 1

    As you can see there is a large 1.49mill buy but it's quite far down. So does it not count?

    Can someone please tell me what I should be looking for in this information to determine whether the stock is more likely to go up or down.

    Thanks heaps
 
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