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What are they waiting for?, page-19

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Ozyoioi

749 Posts.

462

02/05/17

15:23

Post #: 24414243

Originally posted by yanlin ↑

Just looking at the last 4 trading days in comparison to today's action. The thing that has struck me is the significant decline in volume today. As at 3:15pm, volume for the day stands at 4.16m shares (see table below). That's 35% of the daily average volume (or 65% less than the average daily volume) over the last 4 days.

The question is: Why??

DATE CHANGE OPEN HIGH LOW CLOSE VOLUME

1 01/05/2017 -1.2% $0.425 $0.425 $0.41 $0.42 14,746,861

2 28/04/2017 -1.2% $0.435 $0.435 $0.422 $0.425 12,309,079

3 27/04/2017 0.0% $0.425 $0.437 $0.42 $0.43 9,408,914

4 26/04/2017 1.2% $0.435 $0.435 $0.422 $0.43 10,935,940

5 Average 11,850,199

Expand

Most likely exhaustion of both buyers and sellers in this price trading range.

The question is whether the bulls or bears have the upper hand from here.

Last edited by Ozyoioi: 02/05/17

GXY Price at posting: 41.5¢ Sentiment: Buy Disclosure: Held

5 Upvote

0 Great analysis

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	DATE	CHANGE	OPEN	HIGH	LOW	CLOSE	VOLUME
1	01/05/2017	-1.2%	$0.425	$0.425	$0.41	$0.42	14,746,861
2	28/04/2017	-1.2%	$0.435	$0.435	$0.422	$0.425	12,309,079
3	27/04/2017	0.0%	$0.425	$0.437	$0.42	$0.43	9,408,914
4	26/04/2017	1.2%	$0.435	$0.435	$0.422	$0.43	10,935,940
5						Average	11,850,199

What are they waiting for?, page-19

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