At least if you are going to mention me then get the facts correct. Firstly, I've only ever mentioned high vol. days as being important support/resistance levels and they shouldn't be ignored. Secondly, I have never stated the market makers do things on these high vol. days.
What I have done for you is highlight on the following chart the Witching days with their relatively high volume, you will notice that each and every one gave future support and resistance levels with June 17 being the weakest, you will see these levels as support and resistance are more accurate than your Fib. or many other levels derived by wave counting or moving averages, as these levels are based on volume (a real event).
Also on this chart you will see exposed your other mistruth that these witching days can cause some change in the overall trend or direction of a share. Not one of these days matter one brass razoo to changing or altering the preceding trend.
Sort out your confusion between resistance and support levels and what they mean as opposed to price targets before you proceed or answer.
So respectfully if you are going to quote people and me then don't make it up.
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Last
95.5¢ |
Change
0.065(7.30%) |
Mkt cap ! $2.315B |
Open | High | Low | Value | Volume |
92.0¢ | $1.05 | 91.5¢ | $32.20M | 33.02M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 67883 | 95.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
96.5¢ | 78226 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 43323 | 0.955 |
9 | 331901 | 0.950 |
9 | 175728 | 0.945 |
15 | 226869 | 0.940 |
6 | 172837 | 0.935 |
Price($) | Vol. | No. |
---|---|---|
0.965 | 78226 | 1 |
0.970 | 499288 | 15 |
0.975 | 50000 | 1 |
0.980 | 16000 | 3 |
0.985 | 61510 | 4 |
Last trade - 16.10pm 02/07/2024 (20 minute delay) ? |
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