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When you check out a weekly chart, you're entering a high churn...

  1. 13,947 Posts.
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    When you check out a weekly chart, you're entering a high churn zone and you can also see that this chart is riddled with tall wicks so there's a long history of quick pumps and dumps. Just something to be aware of. But also, this chart also indicates that there is going to be a lot of trapped supply wanting their money back so a growth in SP is always going to be a rocky road.

    https://hotcopper.com.au/data/attachments/6153/6153729-d1baf5cb626790585b76333480f43730.jpg

    @TrendINV Just means there's a lot trapped at highs but VWAP was just under 8.
    https://hotcopper.com.au/data/attachments/6153/6153742-4fe6157fe90e0ba71a216afb679189a6.jpg

 
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