johndoe,
"I could argue that they are MORE people willing to sell as the share price drops."
That's true, BUT, who is doing the selling and who is doing the buying?
If it's the weaker holders(the herd) doing the selling, and the strong holders(the pros) doing the buying, wouldn't that be a good thing?
Matty,
the reason why the volume drops off on the up bars is that the pros may not be interested in higher prices yet. They let it come back down into an area of previous supply and soak it all up. Once they're happy that all floating supply is gone and they've had their fill will they then drip feed this up....imo.
Cheers,
Ads
why we might be safe at $1.70, page-7
-
- There are more pages in this discussion • 27 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add LYC (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$6.11 |
Change
-0.180(2.86%) |
Mkt cap ! $5.711B | |||
| Open | High | Low | Value | Volume |
| $6.12 | $6.15 | $6.07 | $17.65M | 2.889M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 26354 | $6.10 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.15 | 3758 | 2 |
View Market Depth
| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| LYC (ASX) Chart |