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
Gino, great replies from the above & pretty much nailed it. I'll...
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Last
4.8¢ |
Change
-0.002(4.00%) |
Mkt cap ! $356.9M | |||
| Open | High | Low | Value | Volume |
| 5.0¢ | 5.0¢ | 4.7¢ | $2.298M | 47.86M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 1925982 | 4.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.9¢ | 3452098 | 12 |
View Market Depth
| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| IMU (ASX) Chart |