Had an inside day today. From Investopedia:
"An inside day is often used to signal indecision because neither the bulls nor the bears are able to send the price beyond the range of the previous day. If an inside day is found at the end of a prolonged downtrend and is located near a level of support, it can be used to signal a bullish shift in trend."
Well, it's at the end of a prolonged downtrend, and near a level of support, but unfortunately that support is above and not called support any more :(
Today's bar closed off its lows and volume / spread much less than yesterday, also bounced right at the 50% retracement from today's high 86.5c to yesterday's low of 73.5c, so not exactly bearish but not exactly bullish where we finished either. So I guess the fact today's candle represents indecision is pretty logical given the smash and grab job yesterday and anticipation of an announcement today.
Had an inside day today. From Investopedia:"An inside day is...
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Last
$7.14 |
Change
-0.200(2.72%) |
Mkt cap ! $6.673B | |||
| Open | High | Low | Value | Volume |
| $7.34 | $7.34 | $7.13 | $39.28M | 5.467M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1546 | $7.13 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.15 | 72361 | 6 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| LYC (ASX) Chart |