Gino, great replies from the above & pretty much nailed it. I'll just add what I look for.
The On Balance Volume indicator is similar to the Money Flow & when both are diverging from price action could mean a change in direction.
Price made a new low, but the oscillators didn't so it's time to take notice.
You will note the volumes traded have doubled.
Both of these are just more evidence in the decision-making process.
Go here for a better explanation of the calcs than I can give you.
Money Flow Index - MFI Definition and Uses (investopedia.com)
Good question.
IMO
IMUGENE CHART. TA only, page-32577
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Last
5.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $431.8M |
Open | High | Low | Value | Volume |
5.9¢ | 5.9¢ | 5.6¢ | $1.037M | 17.94M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
8 | 1882949 | 5.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.9¢ | 399643 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
8 | 1882949 | 0.058 |
11 | 3369960 | 0.057 |
27 | 4811046 | 0.056 |
28 | 4598665 | 0.055 |
9 | 305001 | 0.054 |
Price($) | Vol. | No. |
---|---|---|
0.059 | 399643 | 3 |
0.060 | 2631845 | 18 |
0.061 | 773907 | 4 |
0.062 | 2227969 | 6 |
0.063 | 243179 | 3 |
Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
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