Yeah interesting comment.
I was wondering if you could elaborate on why you see LPD in a bull trap ?
Usually bull traps have very specific trends, a continuation of lower highs and lower lows and so the share price would be showing as being in a bearish trend
LPD on the other hand as I see it, has rallied from about 3 cents to 5.3 cents, 2.3 c gain, so I would expect the share price to fall 50% or thereabout (fibonacci chart) ? of its rally to find its new support level (around 4.2 /4.3c). Which will see an accumulation phase and the share price will move up and away from its support level.
I see this fall in share price as pretty much normal, I believe the share price is still trending bullish for now.
Just my opinion
I hold
GLTA
Yeah interesting comment.I was wondering if you could elaborate...
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Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $17.17M | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.2¢ | 0.2¢ | $400 | 200K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 76 | 163798594 | 0.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.2¢ | 15415101 | 19 |
View Market Depth
| Last trade - 14.49pm 06/08/2024 (20 minute delay) ? |
| LPD (ASX) Chart |