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Skeksil

2,248 Posts.

278

16/09/21

20:39

Post #: 56130113
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Originally posted by dawgfather: ↑

My current take on things:

- Up until earlier this week, we had been trading very closely along a trend line from November 2nd 2020 (green dotted line). A wedge pattern had formed when you take into account the black dotted line running from the prior JORC ANN at end of May. We broke out from this wedge on Monday this week (although it was a weak signal given the low volume).
- Today's close was important as it was a clear push past the historically significant 4.6c resistance support line (thick black line).
- Today's close was also important as it's the first close above our SMA60 line (in blue) since the JORC announcement end May/start June.
- Another positive day tomorrow will likely mean our SP is back above our SMA200 (purple line) (which currently sits at 50c).
- RSI hasn't been this high since when our JORC ANN dropped at the end of May.
- MACD is in positive territory (also for the first time since the JORC ANN).
- Today's 11m+ volume is a step in the right direction, but will need to maintain this and increase to really get the SP breaking out.

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Nice info mate. Maybe I will go all in....AGAIN DON'T TELL THE WIFE.

Time to sip on some Extra Stout Coopers and enjoy the show!

Last edited by Skeksil: 16/09/21

LRS Price at posting: 4.8¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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(20min delay)
Last 20.0¢		Change 0.000(0.00%)		Mkt cap ! $560.2M

Open	High	Low	Value	Volume
19.5¢	20.3¢	19.5¢	$7.118M	36.06M

Buyers (Bids)

No.	Vol.	Price($)
6	1397368	19.5¢

Sellers (Offers)

Price($)	Vol.	No.
20.0¢	101111	4

View Market Depth

No.	Vol.	Price($)
6	1397368	0.195
19	2078869	0.190
10	1651077	0.185
13	2050483	0.180
5	1738316	0.175

Price($)	Vol.	No.
0.200	101111	4
0.205	251352	12
0.210	1723484	11
0.215	1217896	8
0.220	3779246	20

Last trade - 16.10pm 14/10/2024 (20 minute delay)

LRS (ASX) Chart

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