"COMMON CONVENTION"??? A quote from the WORLD WIDE WEB? LOLOLOLOL
And, the JOKE of the claim is embedded within the quote, in regard to "predictions": VWAP IS REARVIEW LOOKING, AS IN WHAT HAS TAKEN PLACE....The market IS FORWARD LOOKING; who is making predictions using VWAP???????? I sure wouldn't/DON'T!
OH, but funn has done extremely well, trading down to sub-penny from $.235...funn WILL BE A WORLD BEATER, I'M SURE! LOL
As to predictions: I'VE BEEN WARNING ABOUT funn FOR YEARS, SINCE $.10/.11....GUESS I'VE BEEN ON IT, WITH NO USE OF VWAP IN MAKING THE DIRE PREDICTIONS
Not a good policy to trust all coming from the WORLD WIDE WEB!
Common convention states otherwise.
How accurate is VWAP? "Because it is a summarized version of only one day, VWAP shows no real effect in making predictions or calculations for the future except for assumptions. VWAP can be calculated for a period of time. However, its accuracy may not always be reliable".
"Using VWAP strategy for penny stocks and/or low-volume trading days provides little to no benefit"