Vmart has clocked in a record volume of 1.72 million on a down day. This is a monthly chart and if you notice the arrow pointing to the volume is for the month of July 18. The difference between the high to close is almost 900 points which comes to around 30 % of the stock price. The stock has since struggled to make new highs. We may expect a 50/80 rule by "Mark Minervini" to happen in this stock.
Tread with caution.
Tread with caution.
Value doesn't move stock prices, people do by placing buy orders. Value is only part of the equation. Ultimately, you need demand - Mark Minervini