Noob question here and kinda RAC related but not.
I've been searching youtube videos and googling this question but struggling to find a decent answer.
I was under the impression SP movement is result of supply and demand like any asset. But could someone explain to me please why is it that we can have more than double the amount of buyers/units vs sellers/units and we still get negative SP movement? The same thing but opposite happened with LTR today, almost the same amount of buyers vs sellers but double the amount of sellers units for sale and there was positive SP movement.
Thank you
RAC - Charts & Price Action, page-17317
Add RAC (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.58 |
Change
0.055(3.62%) |
Mkt cap ! $268.4M | |||
| Open | High | Low | Value | Volume |
| $1.56 | $1.61 | $1.56 | $106.0K | 67.13K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 649 | $1.58 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.59 | 3000 | 1 |
View Market Depth
| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| RAC (ASX) Chart |