Nice work Louie,
Could also add that traders will sometimes use a volatility filter that will screen likely candidates.
It would obviously be looking for a contraction in volatility, which normally precedes a move.
Note on the chart, a typical symmetrical triangle pattern has formed over your period of volatility contraction, seen by the decrease in volume.
cheers
gbz breakout, page-3
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Last
0.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $8.096M | |||
| Open | High | Low | Value | Volume |
| 0.8¢ | 0.8¢ | 0.7¢ | $93.01K | 12.68M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 3625000 | 0.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.8¢ | 2794078 | 4 |
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| Last trade - 15.43pm 18/11/2024 (20 minute delay) ? |
| GBZ (ASX) Chart |