lpd share price, page-2172

Disappointing day, 58 trades and t/o of 10.59mill shares. Question is was it a panic to get out, 58 trades wouldn't suggest this. Hedging bets just in case the next report isn't up to expectations, take a little profit before the announcement? Probably.

Doubt that the ship isn't tight. Price doesn't normally swing greatly prior to announcements. Looking back over 2 years sensitive announcements seem random to price, however this is just from a cursory observation not a statistically determined analysis. At best, for what it is worth, it seems even money that price rises or falls following a sensitive announcement, price does appear to rise slightly before a sensitive announcement Eg., 11/9/18 and 24/10/18 on Youanmi peg release, 31/1/19 release of Qtrly, 18/2/19 on Hydroxide process [Maxi found this out first by researching patent docs, well done Maxi], and lastly 22/5/19 the DLI approval. But a similar argument can be made for price to ease back on an announcement, or remain little changed.

Given that it seems too random to find a pattern.

Therefore, I must conclude the ship is tight and today was just on of those days that makes it all a mystery. Although if I was a TA of candlestick patterns then today was "Bearish Engulfing" however that requires confirmation by a negative break below that candlestick. Then on the other hand, on the 16th & 17th Jly there were two bullish formations -bullish harami and bullish homing pigeon-, a little bit schizophrenic from my viewpoint.

All I can glean from this is that there is a base-line support being developed at 2.4 to 2.5 cents and resistance at 2.8 cents [which is only to state the obvious], therefore, time will tell which is going to win out in the next few days or so.