Yep ur dead right Mitta, posted that call a bit early in the day, should have waited for the close of the day really and I was probably watching that on too short a timeframe. It certainly looked like there was no interest in higher prices at all, but I guess that's the intention eh?
What I liked was that it reversed the next day and yesterdays action made the pattern a bit clearer and decided to take a small position on the basis that those 2 low volume bars were testing for supply and yesterday was a confirmation. I could still be wrong but its a low risk short term trade if it plays out.
Just shows that you can;t call it right all the time and there's always room to learn in the market.
What's your take on the last few days?
Cheers
Yep ur dead right Mitta, posted that call a bit early in the...
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Last
$7.89 |
Change
-0.130(1.62%) |
Mkt cap ! $7.374B | |||
| Open | High | Low | Value | Volume |
| $7.97 | $8.02 | $7.86 | $27.21M | 3.442M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 12329 | $7.86 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.90 | 8744 | 2 |
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| Last trade - 16.10pm 01/10/2024 (20 minute delay) ? |
| LYC (ASX) Chart |