By the time you get volume confirmation, you may well have missed the best part of the price action (like between Nov. to Dec.2023). What you want to consider is the On-Balance Volume or OBV indicator. As the chart below shows, OBV has been rising since April. (There's no manipulation here.) The slump in August was a good thing, I think, since it tested investors' sentiment (like in Sept-Oct 2023). I would much prefer a steady rise of the SP myself. A steady rise would be a good thing since you and other doubters could buy in at leisure.
By the time you get volume confirmation, you may well have...
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Last
4.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $356.9M | |||
| Open | High | Low | Value | Volume |
| 4.9¢ | 4.9¢ | 4.8¢ | $328.5K | 6.792M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 45 | 5443565 | 4.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.9¢ | 2171910 | 5 |
View Market Depth
| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| IMU (ASX) Chart |