Hi Funkymonk,
thanks for the kind words. In all honesty I'm not a master of interpreting volume. My typical view on volume with falling stocks is:
-initial fall on high volume: likely much panic selling, leading to a bounce the following day (in contrast to high volume rises - which *most of the time will continue upwards)
-initially average volume increasing as stock falls: more likely to stay down
However, as you have outlined, the fact that we finished halfway up on solid volume may indicate buying strength for tomorrow (initially at least).
RE: flipping - agreed.
With the still downturned stoch my pick would have to be close tomorrow at 0.54, then bounce. PURELY SPECULATION! We will know when it happens :)
Thanks!
- Forums
- ASX - By Stock
- week ended 29th october
Hi Funkymonk,thanks for the kind words. In all honesty I'm not a...
-
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)