GCN 0.00% 0.7¢ goconnect limited

chart -waiting for the correction to end, page-108

  1. 652 Posts.
    Yes you can see the change of behavior in the last two days.

    A hint is provided by "Activity"

    The number of trades at a price level

    We want to see activity increase as buyers hit the offer.

    Eg the last action at .038 was 1 small trade

    Friday we had 1 trade at .039, 3 trades at .04 and then 12 trades at .041 ----GOOD

    Finished at .04 with just 5 trades--- Again GOOD ( expansion on the way UP Contraction on the way down )

    "Seems the trading may have also changed last few sessions, buying and selling, watching very closely ATM."

    Yes and Yes --> is time to watch closely !

    We see the Volume coming in and hitting the offer now.

    It is likely the train has left the station
    for all points NORTH !

    Motorway


 
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