In my previous post I mentioned that at the first time last Friday a relatively strong support area between 32.5-33c was broken. Based on a trader tactics it was a signal to sell but being by the nature a trader this signal was not taken by my consideration for a relatively large holding (4 parcels of shares) as I invested in this stock.
With today's stock price action a relatively big volume was traded just for 2 hours of trading and the SP has reversed what is called by a false break for the corresponding chart behaviour. Usually this happens when big shareholder on some reason manipulate the stock price initiating stop losses execution and picking up shares at a cheaper price.
So in the current circumstances taking significant fundamentals in the company there are only 2 scenarios:
- whether there is a selling by a big holder on some reasons (unknown to the market) or
- a big holder is deliberately playing a game what is more realistic taking the fundamentals of the company.
irynka
- Forums
- ASX - By Stock
- LOM
- LOM Chart
LOM Chart, page-12
-
- There are more pages in this discussion • 466 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add LOM (ASX) to my watchlist
|
|||||
Last
6.4¢ |
Change
-0.002(3.03%) |
Mkt cap ! $18.85M |
Open | High | Low | Value | Volume |
6.4¢ | 6.6¢ | 6.3¢ | $20.80K | 324.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 21581 | 6.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
6.6¢ | 12125 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 21581 | 0.064 |
1 | 15700 | 0.063 |
1 | 75000 | 0.062 |
2 | 75606 | 0.061 |
1 | 16666 | 0.060 |
Price($) | Vol. | No. |
---|---|---|
0.066 | 12125 | 1 |
0.071 | 20250 | 1 |
0.072 | 108501 | 4 |
0.073 | 264658 | 2 |
0.077 | 70000 | 1 |
Last trade - 12.24pm 06/08/2024 (20 minute delay) ? |
Featured News
LOM (ASX) Chart |