Technically
That ascending wedge would have been good for shorters it peaked right on the broken neckline. Price action is trending downwards in a channel, I am guessing the low of the channel will be tested. A break of that support would not be good, a break of the upper side of the channel would be good, however with the OBV not included on the chart I would be more inclined to believe the trend will remain bearish as it suggests distribution rather than accumulation. The good news is, there are hardly any shorters on this stock.
LRS chart, page-6657
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Last
15.5¢ |
Change
-0.005(3.13%) |
Mkt cap ! $433.9M | |||
| Open | High | Low | Value | Volume |
| 15.5¢ | 16.5¢ | 15.3¢ | $1.819M | 11.57M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 17 | 1362632 | 15.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.0¢ | 40000 | 1 |
View Market Depth
| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| LRS (ASX) Chart |