Yes I think your right, they base their analysis on volumes rather then on a actually knowing anything about the fundamentals of the Company.
That means they are reactionary rather than analytical & value based. As soon as a trend turns they follow it, so they aren't providing a Lead Indicator.
Ann: Full Year Statutory Accounts, page-22
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 (20min delay)
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Last
2.1¢ |
Change
-0.002(8.70%) |
Mkt cap ! $15.93M | |||
| Open | High | Low | Value | Volume |
| 2.3¢ | 2.3¢ | 2.0¢ | $7.805K | 363.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 1044642 | 2.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.1¢ | 247500 | 1 |
View Market Depth
| Last trade - 11.18am 28/11/2024 (20 minute delay) ? |
| NAG (ASX) Chart |
