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.
Yes, of course volume is a very important indicator and I have...
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Last
12.0¢ |
Change
0.010(9.09%) |
Mkt cap ! $129.7M | |||
| Open | High | Low | Value | Volume |
| 11.5¢ | 12.5¢ | 11.0¢ | $43.08K | 370.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 75675 | 12.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.5¢ | 518962 | 4 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| FLC (ASX) Chart |