over the last week or so the buyers exceeded sellers by around 1 million shares. Usually this is a positive sign for a blue chip/billion dollar market cap companies. It is not a good sign for a stock when the sell side builds quickly and the buy side reduces.. In my experience it’s the start of a downtrend. Short term, medium term or long term nobody knows. Maybe it’s a back test as @slick had warned about? Maybe I’m wrong about CRN.
Does anyone know the short position and whether it’s increasing or decreasing each day?
Anyway, I don’t like the market depth currently nor the parade volume that went through on Monday.
Ann: Quarterly Activities Report, page-25
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 (20min delay)
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Last
$1.11 |
Change
-0.050(4.31%) |
Mkt cap ! $1.860B | |||
| Open | High | Low | Value | Volume |
| $1.15 | $1.16 | $1.10 | $2.515M | 2.244M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 8289 | $1.10 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.11 | 2011 | 1 |
View Market Depth
| Last trade - 16.10pm 08/10/2024 (20 minute delay) ? |
| CRN (ASX) Chart |