LIN 5.71% 9.9¢ lindian resources limited

Just thought I put a couple of charts up to see what our share...

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  1. 235 Posts.
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    Just thought I put a couple of charts up to see what our share price dynamics are.

    First the daily chart which shows the spike up and the obligatory retrace. What I see is that we have not yet come back to the 20 sma (median of the bollie band) which is what generally happens when a share price pops outside the bollies to that degree. it looks that the SP is settling around the 13.5 and is waiting for the 20 sma to catch up. We can also see that the bollie bands are still wide open and haven't tightened up yet which makes me think that we will be at this level for a few more days until the sma has caught up or is close to
    cathing up to the 13.5c level before we can hope for a move up.

    https://hotcopper.com.au/data/attachments/6290/6290704-78daae66bb152a7e9b23ec16fa40e334.jpg

    In comparison, the below hourly chart shows that the bollies have tightened and the lower bollie band is sitting not far away from the SP making me think that apart from a possible test for stop loss orders we will remain at this level which is a good 20% gain from pre FS times and in my view a good start to set us up for what is hopefully a long and steady uptrend that hopefully will erase all the bad memories from our long painful deceline.
    https://hotcopper.com.au/data/attachments/6290/6290687-25e0f312c8d121aa5f48f34a2e4313e1.jpg
    GLTAH

 
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Last
9.9¢
Change
-0.006(5.71%)
Mkt cap ! $114.1M
Open High Low Value Volume
10.0¢ 10.0¢ 9.7¢ $225.6K 2.260M

Buyers (Bids)

No. Vol. Price($)
1 51500 9.7¢
 

Sellers (Offers)

Price($) Vol. No.
9.9¢ 53634 2
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Last trade - 16.10pm 04/10/2024 (20 minute delay) ?
LIN (ASX) Chart
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