CQT 0.00% 51.5¢ conquest mining limited

very negative day for cqt, page-9

  1. 677 Posts.
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    re: a time to buy Hi darth,

    I'm not a day trader and I use a variety of things to forumulate my investment decisions. Market depth is not one of them strictly speaking.

    I was simply using the current market depth (5 tiers of buyers versus 10 tiers of sellers) in my previous post, as a supporting example showing that a shift in the bias across the broader market towards CQT has turned from bullish to bearish.

    The current market depth reflects what the chart action is also telling us - the stock price has lost the very buying support which saw it run up to 30-odd cents. That support has dwindled down to a small group as shown in the market depth tables.

    Sorry I soured your day with a poignant piece of analysis.







 
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