I think all this action (hitting $2 mark) is about short covering together with another insto buyer is buying at the same time.
Volume is huge, at the moment 20,7m
Of course some holders would sell some at these levels as we can imagine (I'm all the way long since 2.1c as you know).
Therefore nothing abnormal is goin on. All good and healthy.
The intraday chart below is showing today's trading so far.
The buying volume up to $2 was huge.
Selling/buying volume at $2 was very little.
The pushing down volume was very little.
Now buying back from these levels is good for shorters.
What I understand from all these is that (speculation only IMO);
1) Shorters decided to cover their shorts as quick as possible now.
2) Their will be only buying pressure from here as the shorters will not short again (at this level) as they got their lessons from LTR.
3) LTR will be able to go over $2 easily after the shorters got their shorts covered.
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I think all this action (hitting $2 mark) is about short...
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Last
78.0¢ |
Change
-0.020(2.50%) |
Mkt cap ! $1.891B |
Open | High | Low | Value | Volume |
79.5¢ | 81.5¢ | 77.5¢ | $7.861M | 9.908M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 54923 | 78.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
78.5¢ | 25000 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 482 | 0.810 |
2 | 6000 | 0.800 |
6 | 45767 | 0.795 |
6 | 34300 | 0.790 |
13 | 79437 | 0.780 |
Price($) | Vol. | No. |
---|---|---|
0.770 | 184 | 2 |
0.780 | 20000 | 1 |
0.790 | 56942 | 4 |
0.795 | 14129 | 1 |
0.800 | 230064 | 8 |
Last trade - 16.10pm 15/08/2024 (20 minute delay) ? |
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