In my opinion, falling share price with steady increasing volume is NOT necessary a good thing.
I could argue that they are MORE people willing to sell as the share price drops.
If you look at the RSI on those three days, it is DROPPING (aka more sellers than buyers)
But on the bright side, there has been 8 black bars in a row, the longest one I could find was 7 black bars in a row back in December 2010. SOOOO I'm hoping we might see a white one tomorrow (or in the next few weeks).
why we might be safe at $1.70, page-6
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Last
$6.11 |
Change
-0.180(2.86%) |
Mkt cap ! $5.711B | |||
| Open | High | Low | Value | Volume |
| $6.12 | $6.15 | $6.07 | $17.65M | 2.889M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 26354 | $6.10 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.15 | 3758 | 2 |
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| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| LYC (ASX) Chart |