XAO 0.67% 8,022.9 all ordinaries

Thanks for the kind words @bossivic , I actually think we have a...

  1. 459 Posts.
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    Thanks for the kind words @bossivic , I actually think we have a similar style except you have a higher trading frequency than myself.

    Broker data is definitely something that takes a while to understand. It doesn't have to be perfect, but just has to be 'healthy' enough.


    An not so perfect case study - VMY (uranium) :


    Buyers: Morgans, Bell Potter, Morgan Stanley, Hartleys, Argo
    Major seller: Macquarie

    So bearing in mind the chart is right near bottom and there was a recent 6m cap raise at 11c. Notice how Macquarie have been using the liquidity created from recent confidence in uranium sector to exit their position. This would be a great example of one for the watchlist. There is a decent amount buying across the board, but Macquarie (being the major seller) is preventing the price from moving. I would monitor the BD closely to keep on eye on when Macquarie have finished selling, which along with the chart could indicate a good entry.

    VMY BAS 1.png

    vmy bas 2.png
 
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