Serious volume on Friday, providing further bullish confirmation. My favorite signals are moving average crossovers:I like the 8 and 21 EMA combined with candlestick pattern, confirmation from momentum indicators and increasing volume.Notice the previous volume spikes ( on 18/8/22 and 2/11/22) also lagged the EMA crossover by a number of days, the rallies which followed showed significant upside, even as the volume subsided. (historical price movements are not proof of future movements, but can provide hints)
Friday was a serious crack at 50c. Interesting to see how much supply there remains at this level.Thin sellers on book, but some off-book supply. If supply proves weak this week, 50c may become new support. Current support 40-45c. No reason SP can't test all-time highs in the shortish term.
Early days for LLI. Tiny Float (52.5m Shares on issue) Tightly held (52% top 20 holders).7m cash (as of Dec) 25m Market Cap (undervalued IMO, as still recovering from Macro sell-off). As high risk as any explorer, but with 3 highly prospective projects in top jurisdictions. Potential to seriously re-rate coming from both Scotty's maiden drilling and Triste spring survey (with the historical cores as the mystery gift).
Current buying on the back of James Bay news, PMET & WR1. (The more WR1 proves up Adina, the more prospective Triste looks, especially as the strike runs further east) Also worth keeping an eye on nearby Azimut and Midland on the TSXV.
This is not advice and all in my opinion.
(Disclosure: I also hold WR1)
- Forums
- ASX - By Stock
- LLM
- charting
LLM
loyal metals ltd
Add to My Watchlist
0.00%
!
13.0¢

charting, page-6
Featured News
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
|
|||||
Last
13.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $13.09M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Featured News
LLM (ASX) Chart |
Day chart unavailable
The Watchlist
PAR
PARADIGM BIOPHARMACEUTICALS LIMITED..
Paul Rennie, MD & Founder
Paul Rennie
MD & Founder
SPONSORED BY The Market Online