Absolutely- for a high demand stock like bd1 once you get the signal that sellers have exhausted (i.e low volume day) the so called “smart money” will enter the market again and give it another pump
Look at BIT for example went from 4.1 on first day to 16c from 16c back to 8c (50% retrace) and back up again and hit 44.5 high
Likewise bd1 from
1.4 to 7.5 and now halved (50%) to 3.2c..next level? If we break 7.5 we could see 12c imo(100m cap)
Thats all just hypothetical analysis however if the stock can trade >$30m in value in a day (tell me thats not a stock on the radar of many traders)
Its not just fun but very rewarding trade if you get in at the “right time”
Traderrr
Chart, page-1818
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Last
47.5¢ |
Change
-0.005(1.04%) |
Mkt cap ! $53.53M | |||
| Open | High | Low | Value | Volume |
| 48.0¢ | 48.0¢ | 47.5¢ | $29.99K | 62.82K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 35189 | 47.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 49.0¢ | 1700 | 1 |
View Market Depth
| Last trade - 13.01pm 03/10/2024 (20 minute delay) ? |
| IIQ (ASX) Chart |