I thought it might be useful to start a thread where people could alert other ASF members to companies that are experiencing a sudden change in the amount of volume being traded or unusual patterns of volume being traded.
We all have different stocks on our watchlists and thought this thread could be a way of alerting others on ASF to unusual amounts of volume in stocks that others may not be watching.
Am hoping this thread could be useful in the same way that the Potential Breakouts and Outstanding Breakouts threads are.
OK here's one for SYS, 10 mill traded in one hit this morn.
What can be determined from this, is it an attempt at a price cap that didn't go according to plan?
I thought it might be useful to start a thread where people could alert other ASF members to companies that are experiencing a sudden change in the amount of volume being traded or unusual patterns of volume being traded.
We all have different stocks on our watchlists and thought this thread could be a way of alerting others on ASF to unusual amounts of volume in stocks that others may not be watching.
Am hoping this thread could be useful in the same way that the Potential Breakouts and Outstanding Breakouts threads are.
OK here's one for SYS, 10 mill traded in one hit this morn.
What can be determined from this, is it an attempt at a price cap that didn't go according to plan?
P.S. That Q was not rhetorical If i am reading this right, why would someone put 10 mill shares on the sell, only to have them snapped up in one trade?
P.S. That Q was not rhetorical If i am reading this right, why would someone put 10 mill shares on the sell, only to have them snapped up in one trade?
They may well be buying and selling to themselves. I suspect (and would like some comment from others) that big players and the companies themselves play this game to keep prices at certain levels for their own ends. No proof but happens so much in certain ways that I think some trading/price may be controlled this way. ????
P.S. That Q was not rhetorical If i am reading this right, why would someone put 10 mill shares on the sell, only to have them snapped up in one trade?
This is a similar situation to YTC, in that it appears an insto is selling a large parcel. Watch for the rally when they are done. A good entry atm looks to be 22c.
This is only a small blip on the radar so far. A couple of biggish volume days and since then, someone is keen to buy at .009 or less.
A bit of an oddball company in that it has transport software system and services as well as exploration interests.
Maybe one to watch for the speccie hunters out there.
(PS. I know nothing other than what I see. The only connections I have are fast wireless broadband) :
For those of you who use Volume as a trading tool you may find this interesting.
Something to watch. Ive been working on this concept for a couple of years.
See how you find it in charts you look at.
There are a few "rules" which identify a "Marker or Tag" which include.
(1) 5 x + Average volume
(2) Price isnt appreciably moved ie within the normal ATR
(3) Price immediately acts as support or resistance.
(4) Commonly followed within 3 bars by very clear no demand or no supply bars.