Bounces should be defined only when a stock has dipped considerably on volume. From yesterday's accumulated trading volume, there was only $17k traded and a fall in the price of 2 cents. That isn't enough to classify a 'dip' before a 'bounce' can occur.
Why do traders, in general, ignore volume and put so much emphasis on price movements? (no reference to you specifically @BrayWyatt).
RR.
KPO Chart Thread, page-9
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Last
0.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $7.459M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 14416360 | 0.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 12612741 | 15 |
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| Last trade - 16.12pm 04/07/2024 (20 minute delay) ? |
| KPO (ASX) Chart |
Day chart unavailable