Interesting explanation from one of the chartists last night on this show in relation to recent volume and price action.
The chartist said the recent heavy volume was highest on the 2 days we hit highs and that volume was not smart money, but late money chasing the price.
He "inferred" this was not genuine interest and he preferred to see large volume building, not concentrated across 2 days.
I've normally liked his TA info, but I thought this was either totally wrong or at the very least in contrast to the great TA comments made by recent HC posters.
His inference was if you have made money- sell.
thoughts?
Ramses
Interesting explanation from one of the chartists last night on...
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Last
$19.93 |
Change
-0.040(0.20%) |
Mkt cap ! $2.535B | |||
| Open | High | Low | Value | Volume |
| $19.91 | $20.09 | $19.77 | $812.5K | 40.86K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 246 | $19.92 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.93 | 293 | 9 |
View Market Depth
| Last trade - 11.31am 08/07/2024 (20 minute delay) ? |
| NEU (ASX) Chart |