"why the volume"
market psych.
rising support + level resistance = diminishing profits for range traders, so buyers will be getting ready to change over to breakout trading. the latter = surge in traffic.
the last breakout attempt was a bit premature, range traders could still rinse and repeat back to 1c. but with 10% less profit now on offer, the ratio of profit takers will ease and hopefully the shareprice will runaway.
2014 - is the champange on ice?, page-22
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Last
18.0¢ |
Change
0.005(2.86%) |
Mkt cap ! $87.51M | |||
| Open | High | Low | Value | Volume |
| 17.5¢ | 18.3¢ | 17.5¢ | $205.5K | 1.150M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 55777 | 17.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 18.5¢ | 56756 | 2 |
View Market Depth
| Last trade - 16.10pm 06/08/2024 (20 minute delay) ? |
| PAA (ASX) Chart |