so the answer is no, you don’t.
the absolute volume isn’t the point, just like the absolute share price is irrelevant. We have higher volume because there is more dilution - which is the same reason why the price is a small number. There are a relatively high number of shares in issue - which makes the share price lower and the volumes higher.
what you are seeing is a pretty low volume pullback on a lack of buying support. That is not a sell down which would be a significant increase in volume on prior days.
the SP move is tracking momentum and the POG. So far it continues to respect the bottom channel line. if that continue - which I expect it will as there is virtually no selling volume - then it will sit here for a few days before moving back up. If we’re lucky we might get a gap fill out of the way and then it can bounce.
you sound like you bought recently and are in the red, understandable if that feels uncomfortable. Try to buy the dips when the volume is low, which is now, rather than fomo chasing. The investment thesis stays the same but it’s a better entry point so less stressful in the short term.
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Last
1.7¢ |
Change
0.002(13.3%) |
Mkt cap ! $43.20M |
Open | High | Low | Value | Volume |
1.5¢ | 1.7¢ | 1.5¢ | $45.00K | 2.823M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 250000 | 1.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.7¢ | 1561158 | 9 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 250000 | 0.016 |
5 | 1959838 | 0.015 |
4 | 4312857 | 0.014 |
6 | 1700000 | 0.013 |
2 | 1208333 | 0.012 |
Price($) | Vol. | No. |
---|---|---|
0.017 | 1256442 | 6 |
0.018 | 2133827 | 5 |
0.019 | 333001 | 3 |
0.020 | 3149500 | 6 |
0.021 | 60000 | 2 |
Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
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WWI (ASX) Chart |