Excellent point faded, if most of the daily volume is due to traders, or TA, then it stands to reason that a sp will behave, more or less, as per the rules/indicators of charting etc. of course if a large percentage of daily volume is generated by an accumulator or an entity that is just trying to buy a large number of shares and not even looking at a chart, or such indicators, or even multiple "mum and dad" investors doing the same, then the sp is likely not to behave exactly in the way a TA trader sees a chart. That's why TA's like to see a hell of a lot of volume right? Not only is it easier to get in/out, but generally, there will be a significant amount of traders within that volume, and the sp is a little more " predictable ", and a good TA can have an indication of a change in the direction of a sp prior to the masses ( mum and dad's) etc and turn that into a profit.
I may be completely off the mark with my above observation. Although TA interests me greatly, I would not have the time on a daily basis to keep enough of an eye " on screen " to be any good as a trader . Not only making the lifestyle decision to do that in th efirst place! I prefer to find a cracker of a share like Pek and just wait for the market to " get it right in the end" regarding the share price, and leave the "churn" to the traders. Without buyers, long, short or daily, the sp wouldn't move at all!
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Last
20.5¢ |
Change
-0.005(2.38%) |
Mkt cap ! $54.61M |
Open | High | Low | Value | Volume |
20.8¢ | 21.5¢ | 20.5¢ | $9.32K | 44.75K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 6906 | 20.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
20.5¢ | 7599 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 6906 | 0.200 |
3 | 109449 | 0.195 |
1 | 30000 | 0.190 |
1 | 70000 | 0.185 |
1 | 29000 | 0.180 |
Price($) | Vol. | No. |
---|---|---|
0.205 | 7599 | 1 |
0.215 | 72168 | 1 |
0.220 | 128012 | 4 |
0.225 | 36158 | 2 |
0.230 | 56228 | 3 |
Last trade - 15.30pm 23/08/2024 (20 minute delay) ? |
PEK (ASX) Chart |
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