LPD 20.0% 0.2¢ lepidico ltd

Yeah interesting comment.I was wondering if you could elaborate...

  1. 7 Posts.
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    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


 
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