LPD 0.00% 0.2¢ lepidico ltd

LPD Beautiful Chart, page-138

  1. 415 Posts.
    lightbulb Created with Sketch. 74
    Flag played out pretty much how the TA theory suggests, hitting the short term target of 0.03 just now:

    https://hotcopper.com.au/data/attachments/2824/2824967-a06023b68e6363e3fd85fb76b5bf5688.jpg

    Would expect a period of consolidation again now, however with the rush of money into lithium / battery metal stocks over the last few weeks, who knows where this could go from here. The depth shows traders looking to hit their 0.03 target, but then limited sell pressure beyond:
    https://hotcopper.com.au/data/attachments/2824/2824992-bf980cba0787c45e0db60ec13bbc87ec.jpg

    Pulling out to the weekly chart, next test around 0.041, followed by 0.053 and 0.066:
    https://hotcopper.com.au/data/attachments/2824/2824985-b07d6b59131f2dcd926e5624ac32b78a.jpg

    MACD has barely shifted just yet, should have plenty of legs over the next couple of weeks.
    Last edited by Semillon81: 20/01/21
 
watchlist Created with Sketch. Add LPD (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.