LRS General Discussion, page-6468

Starting to wonder whether most global markets are just going to continue this low volume holding pattern until the next US CPI figures are released Thursday our time next week. Our volumes for LRS have fallen off a cliff lately. Very tiny parcels being traded and daily volumes are down 60-70%+.

I've done well on another stock which is acting as a hedge against the current risk off environment. This makes me wonder whether money is flowing towards safety and people just aren't throwing their money at spec stocks (which would explain most of the ASX lithium action for the past short while).

From a technical perspective:

One thing I'm looking at closely is the Awesome Oscillator which is (And has been) moving in the right decision for us for a while now. It's now at the same levels when our SP bounced in May. If this indicator continues to trend towards neutral from tomorrow, then it maybe provide some confirmation that the bottom is in (of course with the exception of some major global macro event (like awful CPI figures)). However, if it levels off and moves south again, it may be indicating further weakness.

We are also trading above our SMA 6,20 and 50 (and achieved an SMA cross with the 6 now higher than the 20 for the first time since May)

Also, our SMA200 ended up providing the support for the recent bottoming of our SP around 6 cents. Since hitting it a few weeks ago,our SP has traded almost exactly along the SMA200.