I know technical analysis is meant to hold validity regardless of volume, but the volumes here are so so low that it must call into question the deductions made from it.
A number of weeks ago I purchased some shares on close and single handedly created a nice hammer reversal.
Conversely, if a single investor right now wanted to sell say $40,000 worth of stock, - not super small, but also not a huge parcel, and sold at market, it would drop the market from its current price of 53c, to 48c, a drop of approx 10%. One retail trade....so when I see that type of scenario I suppose I discount slightly what TA tells you.
Realistically it you wanted to sell a decent holding it is nigh on impossible without losing a big spread......conversely if you wanted to build a possie you would have to be very patient and drip feed in, or pay a huge premium.
One TA feature we will definitely see before too long....a GAP! but which way? :-)
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- good job cbzers
I know technical analysis is meant to hold validity regardless...
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