I might be crazy but there seems to be a very loose correlation between the volumes traded and each peak and trough of the RXL SP. It seems around every 60 Million shares traded we either hit a the top or bottom or have a change of direction.
This is a very quick graph from the daily trade history. With blue line showing the highs and green the lows. The triangles represent roughly every 60 Million shares traded. ( Counting back, not including today )
Any one else notice something like this?
I stress this is a pretty loose correlation but every time I look at it I keep seeing the same trend.
Am I crazy?
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Last
15.0¢ |
Change
0.005(3.45%) |
Mkt cap ! $61.08M | |||
| Open | High | Low | Value | Volume |
| 14.5¢ | 15.0¢ | 14.5¢ | $48.80K | 336.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 20758 | 14.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.0¢ | 19161 | 1 |
View Market Depth
| Last trade - 16.10pm 30/07/2024 (20 minute delay) ? |
| RXL (ASX) Chart |