Mate I’m still interested to hear your thoughts on what you see when you drop to a lower timeframe e.g. 1 hour?
Like I’ve said since my first post on this thread; Dow Theory - Market discounts everything. In other words all information known to the market is reflected in the price, including all potential news which is why buy the rumour sell the news exists.
Smart money isn’t reloading their bags in this sideways range, they’re offloading and the volume supports that idea.
TL;DR what do you see on LTF? And give us some TA on the volume profile in relation to what you see. Wouldn’t mind @Zeeshan to comment on this one too!
Bot Chart, page-10091
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Last
31.0¢ |
Change
-0.005(1.59%) |
Mkt cap ! $563.4M | |||
| Open | High | Low | Value | Volume |
| 31.5¢ | 33.0¢ | 31.0¢ | $1.731M | 5.443M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 22 | 606129 | 31.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 31.5¢ | 92444 | 5 |
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| Last trade - 16.10pm 19/11/2024 (20 minute delay) ? |
| BOT (ASX) Chart |