AZM azumah resources limited

volume, depth and trade analysis.

  1. 7,123 Posts.
    These are important indicators whether they are classed a "technical" or "fundamental".

    Volume has been fairly "choppy" over the past few months with a range from a couple hundred thousand traded to 3 Million shares traded during a day - However, the Buy / Sell Depth has been constantly "heavy", particularly on the Buy side in the Top SP bids which indicates significant buyer interest.....The Sell has come from outside the Listed "Offers" and strikes are quite large as parcels are sold into Lower Price bids.

    Today :- 6.5 Million Buy bids and 1.6 Million Sell offers - There are over 2 Million Shares Bid for ABOVE yesterday's Close of 23.5c.

    Trade Analysis on Iress indicates a Daily "sell off", in many cases upwards of 1 Million Shares which obviously leads one to believe that a "Largish" Holder is bailing.

    If you own or are considering buying into AZM, you should consider carefully that it has been beaten down mercilessly compared to other Gold stocks with no where near the AZM Gold Resource of almost 2 Million oz.... Depth, Volume, Course Of Sales and Trade Analysis are indicators that could give you an appropriate entry SP.

    :) Fish

 
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