During the past week I have been suggesting that the LIN shareprice will recover lost ground. Why have I been saying that and creating contraversy in the posts of the down rampers?
The LIN shareprice started its recent run on 24th May when the sp started to climb from a base of 3.3c. On that day 3.6m shares were traded as the sp closed at 3.9c. A trading halt was quickly imposed.
On 27th May after a bullish announcement trading recommenced and 65m shares were traded. The sp jumped to a range of 4- 5.6c not seen since early 2020 before the Covid crash.
The opening of the next week on 30th May saw volume jump to 71.5m shares and the sp hitting 8.9c. A close not seen since 2012/3.
The rest of the week saw LIN as a wanted share with 213million shares traded for the week at an avg price above 9c and a high at 10.5cents. What a week!
This past week has seen global markets on the decline. The ASX down due to a higher than expected jump in Reserve Bank Interest Rates hike. The week will end with only 30million LIN shares being traded. The sp range being 10.5c to a close estimated as I type at sub 7cents.
In conclusion over 280million shares were traded as the LINDIAN shareprice reached a nine year high but only 30million shares were traded this week as the market and LIN share price retreated.
I can only assume that a massive quantity of shares purchased above the 9cents range is still held by investors. They are not selling at depressed prices. Therefore a recovery is not too far away.
Others may have contrary views.
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Last
10.5¢ |
Change
-0.005(4.55%) |
Mkt cap ! $121.0M |
Open | High | Low | Value | Volume |
11.0¢ | 11.3¢ | 10.5¢ | $73.94K | 673.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
9 | 897917 | 10.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
11.0¢ | 180450 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
9 | 897917 | 0.105 |
9 | 635658 | 0.100 |
1 | 50000 | 0.098 |
1 | 80000 | 0.095 |
1 | 10988 | 0.091 |
Price($) | Vol. | No. |
---|---|---|
0.110 | 30493 | 1 |
0.120 | 180020 | 1 |
0.125 | 287430 | 3 |
0.130 | 473116 | 3 |
0.135 | 72832 | 3 |
Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
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