"Accumulation"
the following was taken from "Beyond Candlestick" by Steve Nison. Page 42.
Accumulation occurs when, at a low price level, there is a high volume session with stagnant prices. The high volume relays that the bears are attacking full force, throwing all their resources and ammunition into the fray. But the stagnant prices during the session show that the bears are unable to drag down prices. All that the bears have tried to sell has been accumulated by the bulls. After such as scenario, the bears may either run out of ammunition or just give up. The consequence of either of these is a rally...
I don't own any NUF atm, but the last 3 trading session NUF price didn't move much. Time will tell.
"Accumulation"the following was taken from "Beyond Candlestick"...
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Last
$3.76 |
Change
-0.015(0.40%) |
Mkt cap ! $1.431B | |||
| Open | High | Low | Value | Volume |
| $3.80 | $3.80 | $3.72 | $715.5K | 190.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 29 | 7714 | $3.75 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.76 | 3088 | 18 |
View Market Depth
| Last trade - 13.27pm 14/10/2024 (20 minute delay) ? |
| NUF (ASX) Chart |