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1.97%

37.3¢ botanix pharmaceuticals ltd

Bot Chart, page-14959

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CloseTheMarkets

829 Posts.

116

04/10/24

12:03

Post #: 75977788
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Originally posted by wilddman: ↑

low volume is good when it’s sellers selling and buyers backing off, creating low volume sell offs which can sometimes demonstrate a positive asymmetric imbalance, highlighting very controlled ‘volume’ buying sitting behind the curtain. Personally, I think we are seeing evidence of this with BOT.

Furthermore, Low volume rallies can be concerning, often signalling a near term blow off top and exuberance, which we have seen from time to time preceding a pullback. Conversely, high volume selling can be concerning which we see not seeing. Notably, we have seen more often, high volume buying, following low volume selling. This is a trading pattern I’ve been watching. It gives me comfort.

nevertheless, it’s all circumstantial and technical. for long term fundamental based holders, these short term observations are interesting, especially as some of us watch the stock closely / daily and read what we can from it. But in reality it’s just noise over the long term.

again, if you take issue with my comments, mute me. Your trolling does not affect my willingness nor my ability to provide input. That’s the beauty of a public forum.

live and let live brother.

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Drop the mic son

BOT Price at posting: 38.0¢ Sentiment: Buy Disclosure: Held
4 Upvote

0 Great analysis

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(20min delay)
Last 37.3¢		Change -0.008(1.97%)		Mkt cap ! $684.7M

Open	High	Low	Value	Volume
38.0¢	38.0¢	37.0¢	$1.829M	4.883M

Buyers (Bids)

No.	Vol.	Price($)
1	2153	40.5¢

Sellers (Offers)

Price($)	Vol.	No.
35.0¢	23445	2

View Market Depth

No.	Vol.	Price($)
7	992	0.380
9	169308	0.370
18	257951	0.365
18	282494	0.360
7	220353	0.355

Price($)	Vol.	No.
0.350	11627	1
0.355	6523	2
0.360	4596	1
0.375	158633	2
0.380	231013	8

Last trade - 15.59pm 04/10/2024 (20 minute delay)

BOT (ASX) Chart