That may be so, but I'm the only one around here that has accurately predicted the price movement of late.
Of course with a security like, say, BHP or LHG the depth tells you fairly well nothing at all, except where the current price is. But for small fry like DYL it is indicative, especially when the ratio is around four to one in favour of sell. There is no way the price could move up very far with that kind of a ratio, not with a small player like DYL.
You can expect large bids coming in from outside only if there is news in the air, and at the moment there is nothing solid comming apart from the JORC.
If, say, the Labor anounced that they were scraping the two mines policy and endorsing the construction of nuclear power stations then the Buy:Sell ratio would be meaningless, true, but in the quieter time it is the only game in town.
Robert
is the buy sell ratio relevant, page-18
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Last
$1.41 |
Change
-0.010(0.71%) |
Mkt cap ! $1.361B | |||
| Open | High | Low | Value | Volume |
| $1.42 | $1.42 | $1.39 | $7.034M | 5.006M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10181 | $1.41 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.41 | 75086 | 4 |
View Market Depth
| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| DYL (ASX) Chart |