I'm still learning TA myself. I find that easier to learn TA than actual FA though. Haha.
Anyway, to me any sideways movement show's strength, especially after the move LSA has done. Buyers will not always be willing to step up, that's why after a strong move, stocks drop/dribble and then goes sideways to consolidated and form a new base. This is what I'm seeing here in LSA. To me any consolidation above 4.8c is good! The fact that buyers are soaking supply above 5c is very good. Also, the more sideways it goes, more supply is taken out this level (and base is formed) that would've probably been sold as it moves higher.
As for Shaw... They seem to have slowed down in selling now. They sold over 100m shares first half of June and "only" 23m 2nd half of June. I'm sure they still have some, but with the strength of the buying, IMO, don't think whatever is left will be a problem if/when the sell it.
First half of June
Second Half
LSA Price at posting:
5.6¢ Sentiment: Hold Disclosure: Held
