Just for clarification as reading your post I think you misunderstood, by price and volume I mean the chart with just price bars/candles and volume along with some moving averages, no RSI, MACD etc.
The purpose of technical analysis imo is to identify accumulation and/or distribution, that shows up in price patterns and is confirmed by volume patterns, how price interacts with key moving averages also gives some clues(note I am not using MA crosses or other lagging methods). If a stock is going to go up in a sustainable trend, it's going to be accumulated by instos/funds/brokers/family offices i.e those with the money to soak up a large amount of stock and then drive the price higher and support it in the pullbacks. When those people are buying you can see it as the base forms, just as when they are distributing it, the price patterns will generally form a certain way and this will be confirmed by higher volume in the selling bars
- Forums
- ASX - By Stock
- Short squeeze party thread
Just for clarification as reading your post I think you...
-
- There are more pages in this discussion • 138 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add STX (ASX) to my watchlist
(20min delay)
|
|||||
Last
21.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $601.7M |
Open | High | Low | Value | Volume |
21.0¢ | 21.5¢ | 20.5¢ | $1.313M | 6.260M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
11 | 592504 | 21.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
21.5¢ | 748432 | 9 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
10 | 582322 | 0.210 |
22 | 1512044 | 0.205 |
28 | 880972 | 0.200 |
15 | 964889 | 0.195 |
29 | 1196918 | 0.190 |
Price($) | Vol. | No. |
---|---|---|
0.215 | 683524 | 7 |
0.220 | 796374 | 9 |
0.225 | 948630 | 8 |
0.230 | 684332 | 9 |
0.235 | 1730960 | 19 |
Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
Featured News
STX (ASX) Chart |
The Watchlist
LGP
LITTLE GREEN PHARMA LTD
Paul Long, Chief Executive Officer
Paul Long
Chief Executive Officer
SPONSORED BY The Market Online