I can't say I'm happy with how the past two months have unfolded in regards to the price action and the trading that has occurred.
As we can see below, the past two months July and August, have been significantly volume deprived compared to that of May and June, especially considering it's the new FY and the sheer quantity of news flow and commercialisation agreements that have commenced.
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Figure 1 - Trade Analysis for each respective month (Property Connect).
I think it is safe to say anyone who wanted to exit has now done so. CR participants I believe are long gone, and now it is just the average investor taking and closing positions that is providing the low volume.
Below in figure 2 is an updated graphical representation of the volume decline over the previous few months.
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Figure 2 - Graphical representation of week to week volume commencing 1 May 2018 (Property Connect).
As per my previous post yesterday regarding small tech shells beginning to attract some attention again, I will continuously monitor all volume levels as it should be evidently clear if anyone begins to take a large position and attempts to accumulate 'under the radar.'
Have a good weekend all,
Dalto24![]()
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