It can be due to several reasons, no specific reason.
There is high buy volume, but market sentiment is poor. Thus, no people want to buy at higher prices, waiting for lower prices. Here, you will see many people belong to this group. Morning people crying can’t get 136, now crying can’t get 135, now also asking if can get 134, etc. Want to buy but have no guts to buy, despite being “confident” that this stock will . This speaks volumes about their so-called “confidence”. Talk is cheap.
People who bought earlier at lower prices decide to sell for profit, which leads to selling pressure despite high buying interest.
It could also be short sellers betting hard that stock prices will go down, thus exerting downward pressure on prices.
And many more other factors.
That’s why when some people here previously keep shouting “strong support” at 138,139 due to over 100m shares waiting to be bought in, despite the poor market sentiment, I just laugh my pants off.
104144692 : sell sell sell
Samantha_tan : why is it everytime I see buy volume higher than sell volume on the moomoo market data but prices keep going down
witty Manatee_8261 Samantha_tan : Although I’m here just to entertain myself, I am happy to answer your question.
It can be due to several reasons, no specific reason.
There is high buy volume, but market sentiment is poor. Thus, no people want to buy at higher prices, waiting for lower prices. Here, you will see many people belong to this group. Morning people crying can’t get 136, now crying can’t get 135, now also asking if can get 134, etc. Want to buy but have no guts to buy, despite being “confident” that this stock will . This speaks volumes about their so-called “confidence”. Talk is cheap.
People who bought earlier at lower prices decide to sell for profit, which leads to selling pressure despite high buying interest.
It could also be short sellers betting hard that stock prices will go down, thus exerting downward pressure on prices.
And many more other factors.
That’s why when some people here previously keep shouting “strong support” at 138,139 due to over 100m shares waiting to be bought in, despite the poor market sentiment, I just laugh my pants off.
Hope this helps you to understand better.
我想懵你去荷兰看奶牛 : Catch no fish today, tomolo continue....
Cui Nyonya Kueh OP 我想懵你去荷兰看奶牛 : same same