I cannot find a technical analysis thread so i am starting one.
VUL took a hammering today (for the first time in ages).
Its normal for a stock to test support levels and its normal for some folks to take their nice profit.
What I now look for is fresh DEMAND coming in that might indicate a continuation.
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As can be seen on the RHS the selling volume is low BUT there is no fresh DEMAND yet.
Going back a few days from the extreme low volume sell off today, I can see fairly high volumes on those DEMAND days.
CONCLUSION: Not too many selling at the moment but then again no Fresh Demand coming in.
Prediction: At test of the big red candle at $4.75 might happen?
Either way from a Fundamental perspective I aint selling for the time being but cannot afford to over-expsoe myself to more buying. Hmm perhaps others have the same situation?
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Last
$3.85 |
Change
0.030(0.79%) |
Mkt cap ! $722.6M |
Open | High | Low | Value | Volume |
$3.82 | $3.86 | $3.80 | $429.9K | 112.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
20 | 4649 | $3.84 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$3.86 | 4685 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
18 | 4360 | 3.840 |
6 | 5439 | 3.830 |
6 | 7745 | 3.820 |
7 | 13941 | 3.810 |
6 | 4866 | 3.800 |
Price($) | Vol. | No. |
---|---|---|
3.860 | 8685 | 6 |
3.870 | 951 | 2 |
3.880 | 6705 | 5 |
3.890 | 2996 | 1 |
3.900 | 13250 | 3 |
Last trade - 13.35pm 27/08/2024 (20 minute delay) ? |
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