SDV 1.06% 47.5¢ scidev ltd

what does the chart tell us

  1. 7,617 Posts.
    lightbulb Created with Sketch. 243
    It is telling us that INL is strong.
    Over the last 2 months,INL is outperforming the market by a handsome 40%(it is similarly outperforming APG,for that matter)
    Some might opine that it is only a bounce from a severely oversold position,but such a bounce usually lasts only a few days.
    this "unusual" bounce (which is happening against the grain) has been sustained for 6 weeks,which leads me to believe that it has legs.
    The only thing missing is the volume,however this will pick up with further gains.
    No one knows why the change of heart,but a SUSTAINED price appreciation happens only for a reason. this reason is NOT because INL is being oversold (we have seen stocks that stay oversold for prolonged periods)
    We will know the reason soon enough.This is only some "stock behaviour" observations (hope I am not repeating myself or giving a "Jekyll & Hyde" impression)
 
watchlist Created with Sketch. Add SDV (ASX) to my watchlist
(20min delay)
Last
47.5¢
Change
0.005(1.06%)
Mkt cap ! $89.20M
Open High Low Value Volume
47.0¢ 47.5¢ 47.0¢ $35.23K 74.96K

Buyers (Bids)

No. Vol. Price($)
3 17257 47.0¢
 

Sellers (Offers)

Price($) Vol. No.
49.0¢ 12252 1
View Market Depth
Last trade - 12.43pm 29/08/2024 (20 minute delay) ?
SDV (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.