I appreciate your contribution @gassed here on LKE
I do like to take a very different approach to the markets.
With 56M shares short, these larger players need to suppress prices as they do not want a sharp rally due to panic short covering.
It may be a long time before LKE sees 10c levels again, with such a large position still out there on the short side, they wilkl be looking to ADD if they are convinced its failing. This sort of sentiment can indeed have rallies higher up so for me, more important than the noisy sentiment is the Price Action along with the sector it is tied to
Chi X has 3M BUYERS in total with 1M in seller volume
12.5c alone has 1M offscreen covers
I have taken a small position noticing plenty of centre point trades.
This tells me there is still a seller keeping it low as it's being covered.
13c to 14c was wiped in a flash yesterday and I regretted it because it was simply a Daytrade that was setting up but my attention in the last 30 mins was on several stocks.
Today, after watching and watching and watching, I took some therefore position and sentiment has been changed accordingly. Am I premature? Maybe, that's why I got a partial entry and if its working, I will add more to it tomorrow or end of day cheers all
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I appreciate your contribution @gassed here on LKE I do like to...
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Last
7.8¢ |
Change
0.008(11.4%) |
Mkt cap ! $130.1M |
Open | High | Low | Value | Volume |
7.2¢ | 8.5¢ | 7.2¢ | $4.253M | 53.78M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 139450 | 7.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
7.9¢ | 606296 | 8 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
7 | 331399 | 0.077 |
12 | 448701 | 0.076 |
8 | 441350 | 0.075 |
4 | 211459 | 0.074 |
7 | 194931 | 0.073 |
Price($) | Vol. | No. |
---|---|---|
0.079 | 536296 | 6 |
0.080 | 459047 | 7 |
0.081 | 642269 | 3 |
0.082 | 353128 | 13 |
0.083 | 731256 | 9 |
Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
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LKE (ASX) Chart |