Hello all hardcore LVT holders,
The chart is looking very sad at the moment. LVT hit a low today with someone big either exiting several million shares (or trimming) their position. With not many takers, 15c barely held on. Will it hold over the next few weeks? Who knows. However,if it continues lower, support should be found at 10.5c to 12c range, and if hit, it would make it a triple bottom over the last 4.5 years.
Only in the most aweful of circumstances, would SP crash below 10c. Only the most severe US market crash could precipitate that outcome. So I guess, one could start accumulating LVT at these levels... slowly.
Personally, I have put a few orders in at 10.5c - 12.5c range to double my holdings. Hoping that the support holds, and that the next few months rewards our faith.
- Forums
- ASX - By Stock
- LVT
- Ann: LVT secures deal with Fortune Global 100 company Nestle
Ann: LVT secures deal with Fortune Global 100 company Nestle, page-88
-
-
- There are more pages in this discussion • 21 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add LVT (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
JBY
JAMES BAY MINERALS LIMITED
Andrew Dornan, Executive Director
Andrew Dornan
Executive Director
SPONSORED BY The Market Online