Correct, it's just a visible level of supply vs demand where supply currently exceeds demand.
A break through of the level with volume is an indication of a change of that balance. This can occur through an event or just supply eventually drying up where a break of a dam wall effect occurs.
From there we could see a gradual climb or a new resistance / support level form.
JXT Chart, page-137
-
- There are more pages in this discussion • 8 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add VNL (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
10.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $106.0M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 11.0¢ | 10.5¢ | $50.61K | 469.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 99999 | 10.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.0¢ | 85000 | 1 |
View Market Depth
| Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
| VNL (ASX) Chart |