I cannot find a technical analysis thread so i am starting one.
VUL took a hammering today (for the first time in ages).
Its normal for a stock to test support levels and its normal for some folks to take their nice profit.
What I now look for is fresh DEMAND coming in that might indicate a continuation.
As can be seen on the RHS the selling volume is low BUT there is no fresh DEMAND yet.
Going back a few days from the extreme low volume sell off today, I can see fairly high volumes on those DEMAND days.
CONCLUSION: Not too many selling at the moment but then again no Fresh Demand coming in.
Prediction: At test of the big red candle at $4.75 might happen?
Either way from a Fundamental perspective I aint selling for the time being but cannot afford to over-expsoe myself to more buying. Hmm perhaps others have the same situation?
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Last
$4.67 |
Change
0.370(8.60%) |
Mkt cap ! $875.0M |
Open | High | Low | Value | Volume |
$4.30 | $4.70 | $4.30 | $2.740M | 603.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 517 | $4.67 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$4.68 | 10158 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
7 | 1012 | 4.670 |
3 | 1684 | 4.660 |
6 | 5088 | 4.650 |
4 | 4543 | 4.640 |
5 | 15074 | 4.630 |
Price($) | Vol. | No. |
---|---|---|
4.680 | 9815 | 8 |
4.690 | 10406 | 2 |
4.700 | 48718 | 10 |
4.710 | 20000 | 1 |
4.740 | 5000 | 1 |
Last trade - 14.29pm 24/07/2024 (20 minute delay) ? |
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