@GARETH78
I'm not even sure I believe in the idea of charts at all. And now that I've said that, I'll be a hypocrite and talk charts.
What does your Elliot Wave chart look in terms of target SP, now that 16 cents appears to have been the bottom rather than 15c?
Also something I noticed that following the April CR, we broke out of a wedge and the technical price target from that breakout was 19.5 cents (just a coincidence that's where the recent run up roughly peaked?).
It seems we've just broken out of the flat pattern and if you believe the same logic applies as above, then price target is 28 cents.
LRS chart, page-5623
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Last
17.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $475.9M | |||
| Open | High | Low | Value | Volume |
| 17.0¢ | 17.5¢ | 17.0¢ | $948.8K | 5.574M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 186401 | 17.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.5¢ | 1467659 | 19 |
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| Last trade - 16.10pm 01/07/2024 (20 minute delay) ? |
| LRS (ASX) Chart |