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2.63%

1.9¢ andromeda metals limited

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Pezz69

5,228 Posts.

2063

08/06/22

13:48

Post #: 61893802
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Originally posted by Vegantacos: ↑

dunno, but it feels a lot like this today:

Capitulation typically follows significant downturns in price, which can take place even as many investors remain bullish. As the downturn accelerates, it reaches a point where the selling by the investors unwilling to suffer further losses snowballs, leading to a dramatic plunge in price.

The heavy trading volume accompanying the decline shakes out "weak hands"—the investors lacking conviction—and replaces them with more risk-tolerant holders who may not have suffered prior losses and were willing to buy at the end of a protracted decline capped with a dramatic drop.Traders look for unusually high trading volume accompanying sharp declines in price to signal capitulation. They try to anticipate the surest sign of a capitulation: the rebound in price that follows once the panic selling has run its course.

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On 40M of volume i would agree as there has been no "bad" news to justify todays move.

ADN Price at posting: 8.3¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

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(20min delay)
Last 1.9¢		Change -0.001(2.63%)		Mkt cap ! $59.09M

Open	High	Low	Value	Volume
2.0¢	2.0¢	1.8¢	$34.42K	1.826M

Buyers (Bids)

No.	Vol.	Price($)
19	3407651	1.8¢

Sellers (Offers)

Price($)	Vol.	No.
1.9¢	830167	6

View Market Depth

No.	Vol.	Price($)
19	3407651	0.018
13	4608437	0.017
26	4727527	0.016
25	5207493	0.015
4	1050316	0.014

Price($)	Vol.	No.
0.019	830167	6
0.020	1440754	5
0.021	792116	8
0.022	2586835	7
0.023	636317	7

Last trade - 10.42am 01/08/2024 (20 minute delay)

ADN (ASX) Chart