Chart: M10 quotes, 2012-04-16, source: stooq.com
A couple of days ago, I mentioned a strange price action on M10, a small company developing automated trading systems listed on the NewConnect market.
Today I'm revisiting the company, to show how the price movements correspond with the changes in Level-1 order book for this stock:
Chart: M10 Level-1 order book, 2012-04-16, source: Statica
It's quite an interesting and very easy to show example for a tiny number of transactions. Actually only 4 (say: four) transaction points were recorded yesterday :)
The majority of transactions (3 out of 4) were fulfilled at the higher ask level of 0.19, while one touched the lower bid level of 0.18.
Actually, this single bid-level transaction represented the great majority of the turnover. If not for a much smaller later transaction at the higher price level, the company would have finished day not -5.00% but -10.00% lower...
Even more interesting is the case of Comarch:
Chart: M10 quotes, 2012-04-16, source: stooq.com
Ostensibly, apart from the relatively small (-0.77%) drop at the opening, there was virtually no movement in the stock.
However, the investigation of the Level-1 order book unveils some vitality:
Chart: Comarch Level-1 order book, 2012-04-16, source: Statica
It does not mean though, that the whole Polish stock market is dead:
Chart: KGHM Level-1 order book, 2012-04-16, source: Statica
1 comment:
I would suggest that you stick with the most recommended Forex broker: AvaTrade.
Post a Comment