I day trade here and there and make all my buy and sell decisions heavily weighted by what I am seeing on dynamic real time market depth and sales. One of my favourite trading sayings is "if you are going to panic, then panic first" and there is no better sign of panic than a sell side that is suddenly being flooded.
For longer term punts it is always a good sign to see a heavily stacked buy side with an uptrending share price.
It is by no means an exact science and its usefulness weakens when the buy and sell stacks are so small that they can easily be consumed by a single day's trade. Nonetheless, bidding activity should not to be completely discounted, IMO.
Ann: Ngualla Project Update , page-44
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 (20min delay)
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Last
18.0¢ |
Change
-0.005(2.70%) |
Mkt cap ! $47.95M | |||
| Open | High | Low | Value | Volume |
| 18.0¢ | 18.0¢ | 18.0¢ | $990 | 5.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 360249 | 18.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 18.5¢ | 63411 | 5 |
View Market Depth
| Last trade - 10.06am 17/10/2024 (20 minute delay) ? |
| PEK (ASX) Chart |