Not off topic!
Where does anyone using charts explain the dump on late friday afternoon. Why do you quote 30 Nov "shorts" to explain what happened on 1 Dec??
It wouldn't have taken a large volume to have moved the market for LPD at that time since the buying support then was very thin in that price range. At 3:30pm there was 1 buyer at 7.2c wanting 9,734,
7 buyers @ 7.1c wanting 999,502, and 19 @ 7c wanting 2.25mill; the next significant buyers were placed at 6.7c for over 10mill.
Whereas on the sell side all except one price 7.3c the orders to sell were in the several millions; and the first time in a long while selling volume in the ten lines being offered were greater than those on the buy side.
Thereby, providing the perfect opportunity to "shock" the market for LPD into a "dump" situation and trigger stop losses on the way down.
LPD Chart, page-47
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Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $17.17M | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.2¢ | 0.2¢ | $3.174K | 1.587M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 139 | 281199203 | 0.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.2¢ | 17818911 | 24 |
View Market Depth
| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| LPD (ASX) Chart |