stop loss harvesting?

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steve20286

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24/11/21

23:28

Post #: 57832373
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Originally posted by themyle: ↑

Here's some of my own chart analysis.

Key here is that there are a lot of recent new holders who are under water (represented by the high volumes in the horizontal bars in the green box), and who are currently getting squeezed out; I would add option exercisers to this group as well.

We can tell from the low-volume period in around the first half of October that 0.06 is where there are very few people willing to sell. The question is whether or not recent holders will sell into this area with strength.

Judging by the high volume and price action over the last few days, there is downward pressure, but buyers are also stepping in.
Today's minor candle wick shows that 62 and 63 remain a good price to get a bargain, but the large body shows people are still selling or shorting into this area. There's a fight going on.
The technical stops from the break of the upward trend line have comprised some of the selling the last few days as well.
Note also that the downward break was on low volume; but volume have been significant the last two days, which tells me that there's significant dip buying but sellers are quite motivated as well (options? push down?)

This chart is weaker than other uranium charts (e.g. PDN, PEN, BOE), but since more people are getting squeezed out now, it would mean a rise would have a lot less people selling for breakeven or taken minor profits.

It's almost inevitable that the price will test 60. How price and volume reacts there will be key.

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stop loss harvesting?

AGE Price at posting: 6.3¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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(20min delay)
Last 5.0¢		Change -0.002(3.85%)		Mkt cap ! $193.4M

Open	High	Low	Value	Volume
5.1¢	5.2¢	4.9¢	$527.3K	10.48M

Buyers (Bids)

No.	Vol.	Price($)
8	520000	5.0¢

Sellers (Offers)

Price($)	Vol.	No.
5.1¢	138325	2

View Market Depth

No.	Vol.	Price($)
8	520000	0.050
16	3493385	0.049
16	1596770	0.048
11	2025325	0.047
5	1411670	0.046

Price($)	Vol.	No.
0.051	138325	2
0.052	1434712	8
0.053	429432	6
0.054	1372170	5
0.055	650237	4

Last trade - 16.10pm 26/06/2024 (20 minute delay)

AGE (ASX) Chart

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stop loss harvesting?

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