It is telling us that INL is strong.
Over the last 2 months,INL is outperforming the market by a handsome 40%(it is similarly outperforming APG,for that matter)
Some might opine that it is only a bounce from a severely oversold position,but such a bounce usually lasts only a few days.
this "unusual" bounce (which is happening against the grain) has been sustained for 6 weeks,which leads me to believe that it has legs.
The only thing missing is the volume,however this will pick up with further gains.
No one knows why the change of heart,but a SUSTAINED price appreciation happens only for a reason. this reason is NOT because INL is being oversold (we have seen stocks that stay oversold for prolonged periods)
We will know the reason soon enough.This is only some "stock behaviour" observations (hope I am not repeating myself or giving a "Jekyll & Hyde" impression)
what does the chart tell us
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Last
54.5¢ |
Change
-0.020(3.54%) |
Mkt cap ! $103.4M | |||
| Open | High | Low | Value | Volume |
| 56.5¢ | 56.5¢ | 54.0¢ | $52.26K | 95.20K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 123898 | 54.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 55.0¢ | 40000 | 2 |
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| Last trade - 15.59pm 13/11/2024 (20 minute delay) ? |
| SDV (ASX) Chart |