Yes, of course volume is a very important indicator and I have studied VSA and I have mentioned it before on this thread. Someone asked me a while ago about supply and demand . Here is an example, not a great one but it is FLC. Note candles stick 1. We have a rather large green candle. IE, reasonable spread from high to low . Volume is at 234K for the day. 2 days later , we have candle stick 2. Very narrow spread (small candle)but higher volume than candle stick 2. So , all things being equal if the volume was more shouldn't candles stick 2 be larger than candlestick 1? Red or green. Answer ,no, not necessarily. You have to dissect the candles. Candles stick 2 was full of more selling than candles stick 1. Supply.
Chart, page-3148
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Last
9.4¢ |
Change
-0.003(3.09%) |
Mkt cap ! $101.6M |
Open | High | Low | Value | Volume |
9.9¢ | 9.9¢ | 9.2¢ | $33.74K | 361.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 200000 | 9.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
9.5¢ | 36617 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 200000 | 0.091 |
1 | 50000 | 0.090 |
2 | 150000 | 0.086 |
1 | 100000 | 0.085 |
1 | 43000 | 0.081 |
Price($) | Vol. | No. |
---|---|---|
0.095 | 36617 | 1 |
0.099 | 10000 | 1 |
0.100 | 194236 | 4 |
0.105 | 114681 | 3 |
0.110 | 110000 | 2 |
Last trade - 16.10pm 26/09/2024 (20 minute delay) ? |
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