As I warned yesterday I don't think the trend line would hold. It's a significant break today and I envision the trip down to 15c will be a fairly quick one now some stop losses have already triggered more to come imo. This is why divergences have to be confirmed via price action. MFI is not yet oversold, and CO is still broadly negative with no attempt to go above 0 line, despite the divergences. Last time the descending trendline was broken, sp then rallied. We will see if that's the case again. This is not a trend change just yet.
LRS chart, page-6890
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Last
21.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $588.2M | |||
| Open | High | Low | Value | Volume |
| 20.5¢ | 21.0¢ | 20.0¢ | $1.912M | 9.315M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 305161 | 20.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 21.0¢ | 2105670 | 16 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| LRS (ASX) Chart |