Register here for the next investor webinar (27th Feb) with Sovereign Metals (SVML), Europa Oil & Gas (EOG) and Microsalt (SALT).

Less Ads, More Data, More Tools Register for FREE

Volume Buying Deepverge

Thursday, 13th January 2022 09:59 - by Moosh

Aside from my core holding of Deepverge (DVRG), I wanted to try a scaled up test trade. Following the news driven breakout in October 2021, I chose my starting point for volume calculation as the August 2021 price peak and arrived at 1,592 shares (£412.44, break even 26.47p) bought on 26 October 2021. These were sold on 28 October 2021 for 9.3% profit.

This was a surprisingly quick trade, a solid return on a small value risked. Once again it was the market which dictated how much to buy initially and I controlled the starting point for volume calculation and the scaling up size.

Catch up with Moosh's previous blog posts here

Deepverge April 2021 article

Deepverge - Part 2

Deepverge Part 3

The October-November 2021 trend for DVRG was interesting to follow, with days when both volume and trades exceeded their v20* and t20**, respectively, coming on:

October 19, 21, 22, 28

November 3, 10

If you do not currently monitor v20 and t20 then I would encourage you to start looking into it as they will help you to confirm when and why prices are moving or not moving, from a technical point of view. It’s better to be a few steps ahead of those who don’t know about this relationship, which is most investors.

Above: DVRG three month chart

*v20 is 20 day average volume
**t20 is 20 day average trades


Pump Up the Volume – 20 December 2021 blog entry

Trend identification – 22 December 2021 blog entry

The Writer's views are their own, not a representation of London South East's. No advice is inferred or given. If you require financial advice, please seek an Independent Financial Adviser.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.