The irony is that, as we know, the OBV will not on its own reflect the actual price of the shares that have changed hands or the price at which the volume traded.
If 1,000,000 share are traded at 18.5 then someone decided to sell 1000 shares at 18 it would stay flat, or if 1000 shares went through at 17.5 then OBV goes down 1,001,000.
KNL has been window dressed to a large extent so the OBV probably doesn't accurately reflect the trading - it all comes out in the wash (and other indicators) though.
The Predicatble Squeeze, page-75
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Last
11.0¢ |
Change
-0.008(6.38%) |
Mkt cap ! $49.94M | |||
| Open | High | Low | Value | Volume |
| 11.5¢ | 12.5¢ | 10.5¢ | $81.78K | 731.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 151884 | 10.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.0¢ | 227504 | 1 |
View Market Depth
| Last trade - 16.10pm 10/07/2024 (20 minute delay) ? |
| EGR (ASX) Chart |