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.
Correct, it's just a visible level of supply vs demand where...
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Last
10.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $96.86M | |||
| Open | High | Low | Value | Volume |
| 10.0¢ | 10.0¢ | 9.9¢ | $50.22K | 502.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 32077 | 10.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.5¢ | 164000 | 3 |
View Market Depth
| Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
| VNL (ASX) Chart |