VWAP is at 11c and growing Gas.
More and more buyers are paying 11c+ for it.
So trying to convince them to sell to you is a little trickier.
Your sellers might be some impatient hands who bought slightly lower, who take a quick profit and run. Rabbits who like to chase a quick buck, than one with long legs to go much further distance.
Or you have those with a slight loss, and also are impatient. But given that 15.5 local high, it wont be long and they will be in the money as well.
Its a catch 22. the impatience feed into the delay of this running.
Given the half yearly audited accounts are getting closer, its not that long to hold to see a real confidence boost.
Odds are that traders will come back and run with that volume buzz at the time.
- Forums
- ASX - By Stock
- SBB
- TA opinions
TA opinions, page-122
-
-
- There are more pages in this discussion • 13 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)