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APT Satellite Holdings (ADR) |
Maybe somone has the explanation as to how some of this works. ATS
for the months of November and December traveled downward in share
price. There was no news during these months posted by the company
Lately ATS has started to climb - again there has been no recent news
posted by the company
I am a new investor so I am trying to figure out how this works. I
use candlesticks style charts to determine the buying and selling
interest on a stock. What I see are a few things taking place.
During a buy run the share price will climb if the close price is
higher than the open price during the run. What causes this? Does
this mean more people were buying then selling during the run? I
think I know what happens when the reverse occurs. There are people
holding onto the stock that have a limit order in place so during a
buy run when the share price reaches this level a sell order is
executed. If the sell demand is greater than the buy demand the share
price will close lower than the open during the run. Is this correct?
I have also noticed that if the share price closes higher during a run
and there is no further buy activity for a while after the run the
share price will automatically start to drop as a result. Is this
also correct?
Towards the end of todays activity(12/31/07) there was a large volume
of sell that took place which I believe is why the bar on the lower
volume+ graph is in red instead of blue but the top candle stick chart
is showing a small hollow rectangle with a high upward tail attached
to it - what does this mean?
So in other words it is a daily supply and demand situation taking
place that causes the share price to move one way or the other? If
this is what is happening than I have to ask with ATS not having
released any news since October of 2007 what is driving this daily
supply and demand of the stock. I realize the avg trading volume is
normally low for ATS yet these past few trading days it has been more
than twice the average - what is taking place here?