VIL 0.00% 1.6¢ verus investments limited

chart, page-30

  1. 9,544 Posts.
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    I thought I had posted about buy/sell depth before but I can't see it so I repost.

    Don't rely on buy/sell depth to tell you which direction the price will go to. I falsely judged support at 2c, with a total of 5 million buy orders at this level. It took less than 2 minutes to have it all sold out by sell orders which did not come from the sell stack.

    Whoever tells you that the sell side is weak and the buy side strong and the SP will go up strongly soon is misleading you IMO.

    Watch the price and watch the volume going through. Don't watch depth.

    There are just as many buyers sitting off screen as there are sellers off-screen.
 
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