Interesting day. Finished the day down a bit but the candle was what's called an "inside day".
Here's bit of a blurb on it, "An inside day shows that volatility has dropped from the prior day. The market is taking a pause. This is why the pattern is often considered a continuation pattern. In the Encyclopedia of Chart Patterns, Thomas Bulkowski found that in over 29,000 samples of the pattern, the price continued in the same direction it entered the pattern 62% of the time."
So here's the chart
And here's the course of sales for the day
Note the 4.10pm dump was only 16,735 shares.
"From 4:00pm to 4.10pm there is no trading, however orders can be entered, amended and cancelled while the market prepares to close. What occurs next is known as the Closing Single Price Auction (CSPA) which is when all overlapping buy and sell orders will trade at the final closing price. This occurs sometime between 4:10pm and 4.11pm."
I reckon tight stops hit, nervous profit takers and some-one after 4pm made a change. It's a buying opportunity IMHO.
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Last
0.8¢ |
Change
-0.001(11.1%) |
Mkt cap ! $13.00M |
Open | High | Low | Value | Volume |
0.8¢ | 0.8¢ | 0.8¢ | $80 | 10K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 232500 | 0.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.9¢ | 811111 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 232500 | 0.008 |
6 | 1102944 | 0.007 |
5 | 2687833 | 0.006 |
1 | 300000 | 0.005 |
1 | 300000 | 0.004 |
Price($) | Vol. | No. |
---|---|---|
0.009 | 811111 | 2 |
0.010 | 1000000 | 1 |
0.012 | 1577033 | 1 |
0.013 | 828 | 1 |
0.018 | 24153 | 1 |
Last trade - 11.12am 16/09/2024 (20 minute delay) ? |
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