Bigglesworth, high volume moves on a wide spread bar not finishing on the top are generally weak, I know it sounds strange but they are and always get sold into and indeed there was a lot of selling going on yesterday too. In order to sustain rises the shareprice needs to move upward on narrow to medium sized bars on slowly increasing volume.
Have a look at the chart you'll see what I mean high volume days nearly always signify turn points or are near them.
Cheers!
profit takers, page-3
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Last
82.0¢ |
Change
-0.030(3.53%) |
Mkt cap ! $187.0M | |||
| Open | High | Low | Value | Volume |
| 84.0¢ | 84.0¢ | 81.0¢ | $61.08K | 74.10K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 7341 | 81.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 85.0¢ | 3829 | 1 |
View Market Depth
| Last trade - 16.10pm 09/09/2024 (20 minute delay) ? |
| NDO (ASX) Chart |