re: trade4profit just doing some reading in the sun on some of the basix:
"when volume declines during price falls it is a bullish signal. Such a situation may arise during retracements against the underlying trend. If these retracements occur on relatively low volume then this is a signal that the underlying trend is strong and that the bulls are still in control ...". (Christopher Tate "The Art of Trading", p.161).
Don't know what you think of CT's books etc, but hope it helps. More importantly ... hope it's true, coz it's very much like NDO today.
Cheers
sometimes you just don't understand the beast , page-16
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Last
85.3¢ |
Change
-0.028(3.13%) |
Mkt cap ! $194.4M | |||
| Open | High | Low | Value | Volume |
| 86.0¢ | 86.8¢ | 85.0¢ | $68.72K | 80.36K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1100 | 84.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 88.5¢ | 2424 | 1 |
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| Last trade - 15.46pm 11/10/2024 (20 minute delay) ? |
| NDO (ASX) Chart |