Golden rule of trading..
volume action and price effect or price action and volume effect.
what i see in centum is
DEMAND 400 @ 64
800 @ 63.5
6100 @ 63
2200 @ 62.50
80900@ 62
SUPPLY 65 @ 4200
The same has been the case throughout the price ascension from 40s level.This lack of solid demand and supply suppression speaks volumes.
Any upward price movement should be sustained by demand volume and traded volume
Otherwise you get gaps.
Same thing hapenning to Britam now (from 20 levels).The demand volumes arent convincing..
BULL TRAP!
“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”