100% There seem to be this misconception on here that this will magically bounce once person X gets there fill.
Its like catching a falling knife right now. No volume to move the price lower and lower.
While volume is certainly your friend, This goes down 3-10% a day currently. You would think smart money are more than happy to keep walking this down on no volume, as each day another few retail investors cut their losses. Yesterday we were talking about LRV needing a 20% rise to get to 24c, today, it is a 33% rise. Tomorrow it could be 50.
People know right now, there won't be a buying frenzy, even if they tried to manipulate the price up. So the only other option is to walk it down and accumulate.
Will be interesting to see what happens to LRV on a actual heavy red day across the board. Its why I have been actively trying to warn people to be realistic about the short term SP.
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Last
38.5¢ |
Change
0.010(2.67%) |
Mkt cap ! $119.3M |
Open | High | Low | Value | Volume |
38.5¢ | 40.0¢ | 38.5¢ | $759.3K | 1.948M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 51491 | 38.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
39.0¢ | 9000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 31491 | 0.385 |
7 | 134414 | 0.380 |
6 | 87644 | 0.375 |
4 | 255126 | 0.370 |
2 | 27326 | 0.365 |
Price($) | Vol. | No. |
---|---|---|
0.390 | 9000 | 1 |
0.395 | 53731 | 3 |
0.400 | 302702 | 8 |
0.405 | 39658 | 2 |
0.410 | 124730 | 4 |
Last trade - 16.10pm 12/09/2024 (20 minute delay) ? |
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LRV (ASX) Chart |