Can anyone please help me to understand what the market depth is actually representing?
With comsec, I get 10 lines, and I have worked out that it shows the price, volume, and amount of traders? for each line.
But how does one interpret this data?
I am trying to find a way to identify if a stock will push a little higher before close, or get a rough idea of what it will open at the next day.
This came up as I had stock I wished to sell yesterday afternoon and I wasn't sure if I should sell it at 3:50pm, or wait till next morning. It actually pushed higher in the last few minutes, and then opened a little higher again.