I have just looked at the buy / sell spread for AD8
Sellers 24150 shares
Buyers 456082 shares
That is a ratio of 19:1 buyers/sellers based on number of shares. Now lets have a look at the number of quotes
Sellers 19
Buyers 266
That is a ratio of 14:1 buyers/sellers based on number of quotes.
Now, I know that some of the buyers are very opportunistic, but from my thinking when the difference is so great in both, it would suggest the the shares have a lot of demand for them and that the price is likely to continue to rise till the ratios become closer.
HT1
Buy / Sell spread bodes well for capital growth
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Last
$15.33 |
Change
-0.390(2.48%) |
Mkt cap ! $1.274B | |||
| Open | High | Low | Value | Volume |
| $15.71 | $15.86 | $15.11 | $4.604M | 299.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 373 | $15.33 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $15.36 | 255 | 1 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| AD8 (ASX) Chart |