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?
I cannot find a technical analysis thread so i am starting one....
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Last
$4.26 |
Change
0.170(4.16%) |
Mkt cap ! $801.6M | |||
| Open | High | Low | Value | Volume |
| $4.18 | $4.35 | $4.15 | $2.316M | 542.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 4845 | $4.26 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.27 | 617 | 7 |
View Market Depth
| Last trade - 14.08pm 04/07/2024 (20 minute delay) ? |
| VUL (ASX) Chart |