A descending trend channel has formed. See above post,
Descending channel patterns are short term bearish in that a stock moves lower within a descending channel. However they often form within longer term up trends as continuation patterns. Author, The Stock Bandit.
So I suggest you put your volume and spread nonsense aside. Irrespective of how important you may think it is as it has nothing whatsoever to do the fundamentals* of what are moving markets.
*They obviously are the the Russia/Ukraine situation and the "Federal" Reserve's decision on interest rates.They overrule the basic TA shown above and your "contribution" will prove to be worthless.
A descending trend channel has formed. See above post,Descending...
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Last
$1.23 |
Change
0.000(0.00%) |
Mkt cap ! $2.970B | |||
| Open | High | Low | Value | Volume |
| $1.25 | $1.26 | $1.22 | $7.836M | 6.333M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 39539 | $1.23 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.23 | 12600 | 3 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$1.23 |
Change
0.000 ( 0.04 %) |
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| Open | High | Low | Volume | ||
| $1.25 | $1.26 | $1.22 | 2016924 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| LTR (ASX) Chart |