After 5 days on the sideways, today's volume 27m is really low (3rd lowest within 3 months), normally we will see an uptrend after the sideway. Many people (short term) who bought between 17 feb and 2 mar will sell if the SP goes up higher or closer to their costs since the market correction scared them, this is the problem for the big players because they do not want many sells when they push SP up. A sideway will help them to collect the cheaper shares as many panic traders lose patience and sell. Once the volume is really low, which means they can't collect more and this is the time for them to act. So be patient and DYOR.
- Forums
- ASX - By Stock
- wth is going on?
After 5 days on the sideways, today's volume 27m is really low...
Featured News
Add AGO (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, MD & CEO
Anthony Noble
MD & CEO
Previous Video
Next Video
SPONSORED BY The Market Online