A chart is simply a graphical historical representation of the price.
ALL the “indicators” are mathematical derivations of previous prices.
That’s is
The PRICE determines the chart.
Not the other way around.
Of course with any share, the price will fluctuate based on market perception.
And this will be reflected in a graph ( chart ) of past prices.
But I’m not convinced of a charts ability to predict the future price.
Of course with hindsight, entry and exit points are obvious.
But charts are not too reliable for trading the far right edge.
(Although there are some people who can, with good money
management discipline make $s trading from charts)
FWIW I believe VRX is off the radar of the market at large.
So we are not seeing a lot of NEW shareholders/ buyers.
Therefore buying pressure is yet to come...... as news filters out.
As part of this scenario, existing shareholers who all are mostly aware of what’s going on are
reluctant sellers.
Also there are a number of large shareholders on the register who
are definitely not sellers.
So there is little or no selling pressure.
Therefore the risk / reward in selling and hoping to get back fer a couple of cents less
compared to the potential upside, does not make sense.
(And in this case I’m talking about making substantial gains over the next year or two.)
And then there is.......
rushing in now and buying for the FOMO. !!!!
Who said the market is easy.
All imo.
Caveat emptor.
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Last
3.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $19.47M |
Open | High | Low | Value | Volume |
3.1¢ | 3.1¢ | 3.1¢ | $775 | 25K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 426666 | 3.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.1¢ | 25000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 426666 | 0.030 |
2 | 200000 | 0.029 |
1 | 100000 | 0.028 |
2 | 160000 | 0.027 |
1 | 300000 | 0.026 |
Price($) | Vol. | No. |
---|---|---|
0.031 | 25000 | 1 |
0.032 | 194896 | 1 |
0.033 | 16193 | 1 |
0.034 | 12900 | 1 |
0.036 | 286529 | 1 |
Last trade - 11.32am 16/08/2024 (20 minute delay) ? |
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