Ok for my own amusement I'm going to continue seeing if this analysis actually means anything:
The above shows all the volumes & prices traded today for SLR
The trades on the right handside, are the buys where the Bid price has been bought up, and on the left where the asks have been sold to.
From this I'm see 57c and 59c were heavily bought at today and that 56c and 58.5c were heavily sold at. So as a conclusion, based on todays close of 56.5c, that 57 and 59 will be resistance going up, or 56c as support going down.
note: this is the first time I'm trying this so it might all be completely wrong. Happy to hear opinions.
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- daytrade diaries... may 22 part 2
daytrade diaries... may 22 part 2, page-64
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