Underthestars just on island reversals, they can be a very powerful indicator but you need to look much deeper than just that specific price cluster. In the case of FLT you have a gap up followed by constant trending, there are no indications of exhaustive volume, you only red close was not supported with any follow up volume, there is simply nothing weak about that cluster.
You also need to question the gaps, are they psychological, news driven or some type of adjustment? In this case both are related to the div of 71 cents. so essentially on div adjusted data there would be no gap, simply a straight trend continuing up.
time to go short?, page-7
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Last
$17.39 |
Change
0.260(1.52%) |
Mkt cap ! $4.754B | |||
| Open | High | Low | Value | Volume |
| $17.13 | $17.59 | $17.12 | $22.58M | 1.298M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 7010 | $17.38 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.39 | 7005 | 1 |
View Market Depth
| Last trade - 16.10pm 28/11/2024 (20 minute delay) ? |
| FLT (ASX) Chart |
