The share price has been at this price point several times since the initial sharp drop, the first time the volume was 2.5M, second time 0.5M and today 0.2M. This is exactly what I want to see as a VPA trader, supply (or selling) drying up. It can also be interpreted as a lack of demand (or buying) so we want to see a breakout through resistance on high volume to verify the reversal.
ARQ chart, page-34
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 (20min delay)
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Last
15.5¢ |
Change
0.005(3.33%) |
Mkt cap ! $48.52M | |||
| Open | High | Low | Value | Volume |
| 15.5¢ | 15.5¢ | 15.0¢ | $40.31K | 261.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 5168189 | 15.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.5¢ | 1855558 | 22 |
View Market Depth
| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| 5GN (ASX) Chart |