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ASX volume on Friday, alot to do with Aurizon, $796,379,026 or...

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gurnz1

550 Posts.

24

01/09/24

14:01

Post #: 75475616
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Originally posted by Ewebute: ↑

Volume on charts tell the best story. Not target levels. Target levels are used by the instos to entice retail to part with their cash or shares.

Once the big instos have their fill or exited their positions, then the markets turn. Friday marked the end of month moves with massive volumes across Oz and US markets.

Check what happened after the end of last month. And then the massive volumes at the turning point.

Maybe the test will be to see how much retail have in their accounts and will push higher for a little while longer. Maybe not.

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ASX volume on Friday, alot to do with Aurizon, $796,379,026 or 235,798,081 shares, they announced a buy back, that's a hell of a lot of shares.

XJO Value at posting: 8,091.9
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