Increasing volume = ü
Daily MACD turning up further = ü
Downtrend line broken (had been unbroken for 8 months prior) = ü
Weekly MACD crosses over to the upside for the first time since April 2023 (which ended up leading into a very large run) = ü
20EMA crossed the 50EMA today = ü
Share price closes above the 200EMA = ü
Does any of this guarantee further gains from here? No.
IMO it just means the share price is experiencing some positive momentum and the company will need to back it up with substantial news to get the SP to move higher.
I note that GFEX futures are currently rallying on larger than short term average volume as well (I assume there is some macro news supporting this)?
LRS chart, page-7207
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Last
16.8¢ |
Change
-0.003(1.47%) |
Mkt cap ! $475.9M | |||
| Open | High | Low | Value | Volume |
| 17.0¢ | 17.5¢ | 16.0¢ | $917.6K | 5.514M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 31 | 1383631 | 16.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.0¢ | 1718466 | 73 |
View Market Depth
| Last trade - 14.53pm 15/07/2024 (20 minute delay) ? |
| LRS (ASX) Chart |