Heavy shorting would artificially affect the accumulation/distribution line, or at least make it much less relevant.
Agreed. Professionals don't use this rubbish to make investment decisions because it has absolutely no predictive power, none, a fact well established in academia. Retail platform technical indicators are like accountants, they will tell you the price of everything and the value of nothing.
One of my absolute favourites is retail traders on social media drawing lines on a chart and calling it a thesis, and they want to be taken seriously. ROFLMAO
Heavy shorting would artificially affect the...
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Last
$2.34 |
Change
-0.030(1.27%) |
Mkt cap ! $1.616B | |||
| Open | High | Low | Value | Volume |
| $2.41 | $2.43 | $2.32 | $5.953M | 2.536M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 29039 | $2.33 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.35 | 16702 | 3 |
View Market Depth
| Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
| PNV (ASX) Chart |