How to read market depth? - Aussie Stock Forums

# Thread: How to read market depth?

1. ## How to read market depth?

i got about \$10000 of shares with this company, i made some money and now i wanna sell, the price i want to sell is at \$2.180. by looking at the chart i know no one is willing to pay 2.180, but if say something is willing to buy at 2.180 and wants 50000 shares, would they be buying the 2.170 shares from the 5 people willing to sell or they would wipe off the 2.180 shares that the 29 people are selling, if they are wiping off the 2.170 first, does that mean i need to wait till all the 2.170 is clear out before it would reach the 2.180 sellers?

last traded at \$2.170
day range: 2.15 - 2.18

Number Quantity Price
4 14279 2.160
16 352168 2.150
6 223451 2.140
9 212000 2.130
9 154515 2.120
11 188949 2.110
17 277016 2.100
7 82000 2.090
11 107300 2.080
7 48000 2.070

Sellers
Price Quantity Number
2.170 134000 5
2.180 423622 29
2.190 500372 25
2.200 467814 45
2.210 292666 14
2.220 281516 22
2.230 181000 12
2.240 198479 17
2.250 232178 45
2.260 238698 12

2. ## Re: How to read market depth?

Originally Posted by glk2000
i got about \$10000 of shares with this company, i made some money and now i wanna sell, the price i want to sell is at \$2.180. by looking at the chart i know no one is willing to pay 2.180, but if say something is willing to buy at 2.180 and wants 50000 shares, would they be buying the 2.170 shares from the 5 people willing to sell or they would wipe off the 2.180 shares that the 29 people are selling, if they are wiping off the 2.170 first, does that mean i need to wait till all the 2.170 is clear out before it would reach the 2.180 sellers?

last traded at \$2.170
day range: 2.15 - 2.18

Number Quantity Price
4 14279 2.160
16 352168 2.150
6 223451 2.140
9 212000 2.130
9 154515 2.120
11 188949 2.110
17 277016 2.100
7 82000 2.090
11 107300 2.080
7 48000 2.070

Sellers
Price Quantity Number
2.170 134000 5
2.180 423622 29
2.190 500372 25
2.200 467814 45
2.210 292666 14
2.220 281516 22
2.230 181000 12
2.240 198479 17
2.250 232178 45
2.260 238698 12
The trade will go through at \$2.17. You can't jump the queue unless there are special cross trades or off-market transfers etc.

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