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
$4.00 |
Change
-0.110(2.68%) |
Mkt cap ! $752.7M |
Open | High | Low | Value | Volume |
$4.09 | $4.10 | $3.82 | $3.844M | 975.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1 | $3.98 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$4.02 | 1594 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 290 | 3.880 |
1 | 991 | 3.870 |
3 | 4000 | 3.850 |
2 | 712 | 3.840 |
1 | 4951 | 3.830 |
Price($) | Vol. | No. |
---|---|---|
4.050 | 2635 | 2 |
4.060 | 7423 | 1 |
4.080 | 4964 | 2 |
4.090 | 3855 | 1 |
4.100 | 3251 | 4 |
Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
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