LOT 2.44% 21.0¢ lotus resources limited

Textbook reversal day today. Critical time frames and support...

  1. 3,222 Posts.
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    Textbook reversal day today. Critical time frames and support levels fitted perfectly and the news set the scene.
    The brokers ran it down to trigger all the stops then hoovered up everything they could get. That's what gives the higher close with massive volume.
    They are now set to let it run under its own weight. They wont have any heavy lifting to do from here.
    Fid will be next once the price increases a bit to avoid as much dilution as possible, then the small cap raise then the steady run up to first production end of 25.
    We were valued at .24 at the time of the acb deal which of course was a gift. I believe fair value now is the .49 that we have just dropped from.
    The news for U is as good as it gets .54 looks like a good target hopefully by the end of the year, so its time to mortgage the house.
    Hope everybody is getting their fill.
    Good luck all.smile.png
 
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