Look for price levels of high volume. These tend to indicate price levels of support and resistance.
Basically u want a lot of solid buyer depth with few gaps, and a sell volume that is thinner but not too thin. All buyers and no sellers usually means the price isn't going to move. All sellers and no buyers means the SP will drop heavily then rebound - sometimes!
can someone explain market depth, page-3
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Last
$63.41 |
Change
1.050(1.68%) |
Mkt cap ! $12.29B | |||
| Open | High | Low | Value | Volume |
| $62.99 | $63.47 | $62.92 | $27.43M | 433.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 734 | $63.34 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $63.41 | 1023 | 2 |
View Market Depth
| Last trade - 16.10pm 11/07/2024 (20 minute delay) ? |
| ASX (ASX) Chart |