Hi Tane
It works on closing price and volume
Because the volume was so extreme in Jan 2010 and the price gains were so large 500-1000% it hasn't been distributed so much more so the price has traded in a range inside this initial large volume bar in jan 2010
So more so a long term consolidation than distribution (the distribution when transocean sold was absorbed by another large current holder ;) )
That is why IMO this the start of a significant upwards move that I think will last.
It is good to see when stocks move out if big base consolidations
AHZ Is another that I picked at the start of the year.
time, page-6
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Last
2.1¢ |
Change
-0.001(4.55%) |
Mkt cap ! $51.83M | |||
| Open | High | Low | Value | Volume |
| 2.1¢ | 2.1¢ | 2.1¢ | $4.984K | 237.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 302164 | 2.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.2¢ | 554834 | 4 |
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| Last trade - 13.21pm 20/06/2024 (20 minute delay) ? |
| ADO (ASX) Chart |