The downtrend needs consistent high volume supply to keep it going, which it had for the last 6 months due to the register reshuffle.
Now that is largely complete, we are seeing the last of the sheep follow the other sheep off the cliff.
The accumulators who were easily getting their orders filled at lower prices will soon find this trick won’t work anymore and they will eventually need to take out some lines to get their shares.
Then those same sheep will feel the need to get back in and will eventually follow the herd back up.
Without the big sellers, any positive announcement won’t get heavily sold into, which will mean the upcoming uptrend can start.
The downtrend needs consistent high volume supply to keep it...
Add FLC (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
15.5¢ |
Change
0.003(1.64%) |
Mkt cap ! $166.8M | |||
| Open | High | Low | Value | Volume |
| 15.3¢ | 15.5¢ | 14.5¢ | $20.46K | 135.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 106426 | 14.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.5¢ | 54956 | 3 |
View Market Depth
| Last trade - 15.55pm 10/05/2024 (20 minute delay) ? |
|
|||||
|
Last
15.0¢ |
Change
0.003 ( 3.23 %) |
||||
| Open | High | Low | Volume | ||
| 15.0¢ | 15.0¢ | 15.0¢ | 30090 | ||
| Last updated 15.55pm 10/05/2024 ? | |||||
| FLC (ASX) Chart |