mitta. i know your software and vsa bible calls that red downbar( just under your (1) where volume was high ) a sign of weakness.
but if you combine the next red downbar with the one i described in the first paragraph, you have a huge downbar with a huge volume, and huge spread.
all i have read tells me this is a sign that selling could have been overdone. so this to me is a sign of strength. especially if a series of low volume, upbars follow, showing the accumulation coming in. and those did appear.
yesterdays downbar is low volume and low spread and does not change my interpretation - but we do need more confirmation today n tomorrow.
mitta. i know your software and vsa bible calls that red...
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Last
$7.14 |
Change
-0.200(2.72%) |
Mkt cap ! $6.673B | |||
| Open | High | Low | Value | Volume |
| $7.34 | $7.34 | $7.13 | $39.28M | 5.467M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1546 | $7.13 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.15 | 72361 | 6 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| LYC (ASX) Chart |