Bounces should be defined only when a stock has dipped considerably on volume. From yesterday's accumulated trading volume, there was only $17k traded and a fall in the price of 2 cents. That isn't enough to classify a 'dip' before a 'bounce' can occur.
Why do traders, in general, ignore volume and put so much emphasis on price movements? (no reference to you specifically @BrayWyatt).
RR.
KPO Chart Thread, page-9
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Last
1.5¢ |
Change
-0.001(6.25%) |
Mkt cap ! $37.29M | |||
| Open | High | Low | Value | Volume |
| 1.6¢ | 1.6¢ | 1.4¢ | $25.87K | 1.683M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 5326861 | 1.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.5¢ | 24939 | 1 |
View Market Depth
| Last trade - 16.10pm 01/10/2024 (20 minute delay) ? |
| KPO (ASX) Chart |