Darvas box analysis is very helpful in understanding support and resistance levels in an uptrend..
The analysis below.. shows that there are no more than a few days of consolidation before prices start to move higher.. We have 4,3 and 5 so far.. this suggests that the stock does not idle too long before the resumption of the trend.
Please note that poh is not an explosive stock... that will double your money in a few days .. poh has broken a 4 year resistance level and now is going through a technical process..a process that i like to call "BASE BUILDING"..before moving much higher..
To conclude the reason i bought poh is because of that very reason(non-explosive)..As a trader i tend to also look for trending stocks that have the potential to multibag over a few months..
darvas box analysis
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Last
0.2¢ |
Change
-0.001(33.3%) |
Mkt cap ! $6.338M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.2¢ | $13.22K | 5.508M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 13199771 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 41616983 | 28 |
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| Last trade - 16.10pm 04/11/2024 (20 minute delay) ? |
| AVE (ASX) Chart |