Hey FunkyMonk...you have often mentioned to be wary of high volume up bars, but how does one differentiate between selling within the high bar and actual legitimate buying interest. If a stock takes off because of an announcement etc. doesn't it usually result in a high volume up bar that propels the stock higher over the short term?
I have no charting experience so if this question seems silly, my apologies.
Thank you in advance.
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Last
$6.09 |
Change
0.030(0.50%) |
Mkt cap ! $5.692B | |||
| Open | High | Low | Value | Volume |
| $6.13 | $6.16 | $6.07 | $11.61M | 1.903M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 12747 | $6.09 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.12 | 7550 | 2 |
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| Last trade - 16.10pm 12/08/2024 (20 minute delay) ? |
| LYC (ASX) Chart |