looking at the volume,
today was the highest volume in 3 years at 17M
thats still very low of 2% of all issued shares
After 4 months of TH hardly any instos or top 20 were selling looks like just those desperate to get their half price cash out and run early on the panic it may go lower.
The volume is a positive actually
The RSI MACDs show a reversal in arvo and support but will be difficult to pick it daily yet I have had a good record on BIT at doing so (9 of 11 calls daily correct).
Need to see a few more days and see if the instos and top 20 start selling or buying up at these dirt cheap prices.
If BIT is worth $117M and AHZ is at $48M then there is a complete disconnect to fundamentals and that can only mean its being driven by panic and fear.
AHZ has revenues, a factory, phase trials, fda approvals, global well trusted product, decades of trial history, equipment sales, expansion of product, manufacturing systems, staff and stock on hand... BIT has none of any of that.
Another rule in trading (contrarian style) is =
buy when others are in fear/panic & sell when everyone is buying/green
So this will interest some TA traders as AHZ was the worst dropping stock on ASX today bar none..
Im watching the volume, MACDs hourly and match volume next few days.
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Last
$11.30 |
Change
-0.650(5.44%) |
Mkt cap ! $238.8M |
Open | High | Low | Value | Volume |
$11.71 | $11.83 | $11.24 | $346.8K | 29.94K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 90 | $11.05 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$11.50 | 50 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 90 | 11.050 |
2 | 228 | 11.000 |
1 | 25 | 10.990 |
1 | 500 | 10.960 |
1 | 1000 | 10.820 |
Price($) | Vol. | No. |
---|---|---|
11.500 | 50 | 1 |
11.800 | 200 | 1 |
12.000 | 5023 | 2 |
12.010 | 191 | 1 |
12.020 | 1000 | 1 |
Last trade - 16.10pm 28/10/2024 (20 minute delay) ? |
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