Little tip to help hone TA skills - volume.
It's kind of a biggie, I'm sure you've heard of it? When you see a chart pattern and you see a volume based move, take notice. If no particular change in volume to the recent average, it means a whole bunch of nothing. KAR is clearly range trading on average volume, marking time while waiting for a significant development. Then you'll see volume, then you want to consider a position. Just don't want anyone bring mislead around here. IMO.
Karoon Gas, page-53
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 (20min delay)
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Last
$1.66 |
Change
0.010(0.61%) |
Mkt cap ! $1.326B | |||
| Open | High | Low | Value | Volume |
| $1.66 | $1.67 | $1.64 | $7.765M | 4.700M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5377 | $1.66 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.66 | 25269 | 2 |
View Market Depth
| Last trade - 16.10pm 19/06/2024 (20 minute delay) ? |
| KAR (ASX) Chart |