@EasyE
Re:LPE
You posted on the DT afternoon thread that the last bar on the 4 hour chart had excessive volume compared to the spread (ie.. maybe hidden selling)... http://hotcopper.com.au/posts/16851979/single
I agree with you and will add that a shorter TF shows this better - most of this volume was between 38 and 39... I am however of the view that this was DTer's leaving the party late in the day (ie not wanting to hold over the weekend).
I also note that there was a ceiling at 36 for most of the day (also previous resistance level 8th Jan) which was broken. Therefore, I get intraday support at 35/36...
Based on the line wipe buys on Friday I can't see any move below this level - looks all upside to me, looking forward to 4c+ over this next week... IMO of course...
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- Daytraders Weekend After Market Lounge 22nd 25th Jan
Daytraders Weekend After Market Lounge 22nd 25th Jan, page-220
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