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I assume price swings indicate a stock is being bought and sold?

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amy23l

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Silly question but I assume when the charts go from one figure to another that indicates trades are being made to change the price...

I was recently looking at a chart for a small cap company trading for 1cent & on some days the high was 2cent. This looks to happen daily so I would assume that the stock is being bought and sold for 1c or 2c on a daily basis but then looking at the details it said there was only 3 trades over a 52 week period...

so how can the chart swing up and Down daily if there's no trades being made only 3 for the whole year??
 
I didn't write down the one I was referring to but a cpl others I did note that do a similar thing just not necessarily daily... Looks like at least the price moves weekly for a smaller amount LWP and also TTE PSA... I'm not looking to buy them I'm just trying to understand what's happening

One of them says 3 trades for 52 week period but the price has gone up & down way more than 3 times... So I'm confused coz I thought if the price moves it's would be because that's what people are paying u know
 
Well all three have more than 3 trades per year so your data is inaccurate. Example LWP in the last week traded everyday.

 
The prices shown are commonly the last traded price. So for "last traded price" to move there has to be a trade.

Are you aware of what the market depth is? The prices you really care about if you want to place a trade is the bid price and ask price. It is possible for the bid and ask price to move without a trade taking place. But from what Wysiwyg posted above, it looks like your data is misleading you.
 
The data came from the CommSec iPhone app! but that explains why I was confused by it!

also Iv been learning about Bollinger bands & moving averages. would there be an easy way to find stocks that meet criteria... Perhaps am emailed list or something other than using searches manually on CommSec??
 
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