Well spotted jsurman those narrow spread low volume bars dipping down into previous areas of potential supply and testing them for anymore sellers are exactly what to look for. Now we just need to see it confirmed on Monday and it could be a good trade. Despite what certain posters think that the chart just shows where the sp has been it is in fact a map of supply and demand. The talk of manipulation always comes when prices drop, its human nature I guess and you see it on all stock threads. Funny how you never hear about it when the price rises and it's a fact that at times stocks are "marked up"to encourage buying and ignite a new trend.
To ignore the chart is like driving from A to B with no map.
Cheers
Well spotted jsurman those narrow spread low volume bars dipping...
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Last
42.0¢ |
Change
0.025(6.33%) |
Mkt cap ! $598.3M | |||
| Open | High | Low | Value | Volume |
| 39.5¢ | 42.0¢ | 39.5¢ | $890.1K | 2.163M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 127863 | 41.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 42.5¢ | 30850 | 2 |
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| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| IMM (ASX) Chart |