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24.5¢ orcoda limited

Thanks alot for the explanation.. really appreciate it

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The_Crack

27 Posts.

29/09/14

15:20

Post #: 14043992
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Originally posted by 3500 ↑

The_Crack,
Day to day price movement in any stock is just noise....Unless,of course, it is impressive movement on impressive volume.
For the last 6 months ,SMA has been range bound between 1 & 2c....Any figure in this range is irrelevant.
It is important to figure out if this "consolidation" phase is a distribution or an accumulation one.
The OBV ( which is a measure of flow of money into or out of a security) gives you the answer......It has been in an upward trend in the last 6 months which favors accumulation.
A buy signal will be triggered above 2c....A clear sell signal under 1c.....Anything in between is just marking time.
The OBV has a definite bias to the upside.

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Thanks alot for the explanation.. really appreciate it

SMA Price at posting: 1.4¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 24.5¢		Change 0.000(0.00%)		Mkt cap ! $41.44M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
1	4555	20.0¢

Sellers (Offers)

Price($)	Vol.	No.
24.0¢	8314	2

View Market Depth

No.	Vol.	Price($)
1	4555	0.200
2	7783	0.180
2	27359	0.175
1	30000	0.160
1	57500	0.150

Price($)	Vol.	No.
0.240	8314	2
0.250	10000	1
0.255	2000	1
0.260	35039	2
0.270	35608	1

Last trade - 16.12pm 01/05/2024 (20 minute delay)

ODA (ASX) Chart

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