The large option overhang ended two weeks ago and there was no surprise to see a big rally rally after that option expiry date. Negative posts couldn't stop that. Glad I loaded up in anticipation. Any tax loss selling that there may have been up to now, ends today.
The correction from the mid June rally appears to have dwindled on decreasing volume (possibly due to the end of tax loss selling and profit taking by others) and we could be about to see the next up leg. Down ramping won't stop the sp. Up ramping won't drive it. The market has more sense than that. The chart looks great as do the fundamentals. I'm ignoring the noise, watching the chart and looking forward to the usual July/ August market rally. My interpretation of the chart is a new closing high potentially just days away now.
The large option overhang ended two weeks ago and there was no...
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Last
6.6¢ |
Change
0.003(4.76%) |
Mkt cap ! $109.5M | |||
| Open | High | Low | Value | Volume |
| 6.2¢ | 6.6¢ | 6.2¢ | $436.6K | 6.779M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 238075 | 6.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 6.6¢ | 136219 | 4 |
View Market Depth
| Last trade - 16.10pm 14/05/2024 (20 minute delay) ? |
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Last
6.6¢ |
Change
0.003 ( 7.67 %) |
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| Open | High | Low | Volume | ||
| 6.2¢ | 6.6¢ | 6.2¢ | 1844093 | ||
| Last updated 15.59pm 14/05/2024 ? | |||||
| LKE (ASX) Chart |