VNL
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1.04% 9.7¢ vinyl group ltd

Correct, it's just a visible level of supply vs demand where...

  1. southcoast27
    839 Posts.
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    30/01/24
    21:22
    Post #: 72144035
    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.

    VNL Price at posting: 7.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

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9.7¢ 		Change
0.001(1.04%) 		Mkt cap ! $97.98M
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10.0¢ 10.0¢ 9.7¢ $2.019K 20.45K

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