G’day Reacher.I can remember when the CHI-X factor was only ever...

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slick

13,569 Posts.

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05/07/22

08:27

Post #: 62369455
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Originally posted by Reacher: ↑

Interestingly the yesterday the ASX volume was 21M with the Chi-x around the 7M, only a third of the asx. Normally we see closer to a 2:1 Ratio in the volume. Not sure what the go is, may be the mix of investor types that uses the different facilities. Are we seeing retail buy in again? May need insight from one of the more informed day traders that understand the facilities and what customer they attack to explain a bit.
@slick any thoughts or is it just a blip on the radar?

Depth has also changed to a 2,5:1 ratio, normally a 2:1 ratio this time of day, when we see a positive move.

Daily Chart: Price candle popped off the 8 day SMA yesterday, the 8 Day SMA is again tracking below the price candles. Stochastics turned and crossed, the DMI+ and DMI- is diverging again. MACD is above the line and green. Only detractor is the ADX that is still close to 24, we want this to go above 30. RSI above 60%, a good base to work from at the moment, but I don't see a major run with the ADX where it is. We may be seeing prices running between $0.245 and $0.20 as the support builds, as long as the market holds.

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G’day Reacher.

I can remember when the CHI-X factor was only ever about 10-1 volume so it certainly has grown into a significant factor. I still don’t like it as it continually interrupts the book but got to live with it.

To me the current volume has seen less Insto activity and more retail (fresh money) roll into the market. Of course CHI-x would have also represented some Insto orders so it’s only natural to see less volume. I wouldn’t read too much into, still just a pain.

Enjoy your posts mate.

Cheers

IMU Price at posting: 22.0¢ Sentiment: None Disclosure: Held
19 Upvote

0 Great analysis

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