In respect to the TA of LVT. Still tracking under the 21 ema...

In respect to the TA of LVT.

Still tracking under the 21 ema which isn't ideal, but in saying that the general market has been copping it in the last week or so meaning a break out would of required a report that was above expectation. 

A major indicator for me when the perception of strength Is weak is the volume and from what I see the last fort night the buying volume has out performed the selling specially 2 days ago... bulls are present just waiting for market stability IMO. Also pre Dow/ASX correction daily MACD had flattened and was looking to move up again disrupted by the correction nothing directly to do with the company.

there are no coincidences in this game so my take is that if a cap raise was successfully achieved at 59c there is reasonable belief that an insto would be interested at a 20% discount. 

BB