The relative strength of LEL has been declining since the beginning. This tells me they've been sold into their entire existence.
At some point, it will have to pop.
I've stated before that trading below the POC indicates a low in the SP. The bottom is close.
My target is the gap fill.
LEL Chart is shaping as a massive bullish divergence.
Also, sub 2 Q's of funding. They state in the cash flow that:
"LEL notes that it raised $6.4 million (gross) via a share placement in June 2023; the Company will consider
capital-raising initiatives in the future if appropriate."
Not great, we need greater cash inflows or greater monetary enforcement. I'm concerned another CR will just be sold into.
If someone with a greater fundamental opinion could outline how constant CR's are economical, please do as it's certainly not my strong point.
- Forums
- ASX - By Stock
- LEL
- LEL Chart
LEL Chart, page-568
-
-
- There are more pages in this discussion • 339 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add LEL (ASX) to my watchlist
|
|||||
Last
32.5¢ |
Change
-0.020(5.80%) |
Mkt cap ! $38.64M |
Open | High | Low | Value | Volume |
34.5¢ | 34.5¢ | 32.5¢ | $4.088K | 12.17K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 21767 | 33.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
35.5¢ | 3077 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 21767 | 0.330 |
1 | 20000 | 0.325 |
1 | 10000 | 0.320 |
1 | 2000 | 0.315 |
2 | 45000 | 0.310 |
Price($) | Vol. | No. |
---|---|---|
0.355 | 3077 | 1 |
0.360 | 19083 | 3 |
0.370 | 32779 | 1 |
0.380 | 6724 | 2 |
0.400 | 13742 | 3 |
Last trade - 10.53am 20/08/2024 (20 minute delay) ? |
Featured News
LEL (ASX) Chart |