Indeed it broke the downtrend from the high of 42c - that is positive. Also the gap-up that formed between Thu & Fri is positive.
However it also filled the gap-down formed between Aug 4 & 5 which could mean a sell off on technical grounds might eventuate on Monday. This could theoretically mean another buying opportunity at 18c when the latest gap-up is going to be filled.
At his stage the 2 STD Bollinger Bands might provide a better indication of buying and selling opportunities in the short run.
very bullish chart and growing in strength, page-3
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Last
0.3¢ |
Change
-0.001(14.3%) |
Mkt cap ! $7.330M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.3¢ | $2.477K | 825.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 483880 | 0.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 16762650 | 21 |
View Market Depth
| Last trade - 14.21pm 18/09/2024 (20 minute delay) ? |
| LNR (ASX) Chart |