Going by the falling wedge pattern we could see either the share price go to to;
(1) The width of the wedge; 61 - 36 = 25
25 + 38 (Breakout price)
Possible price target is 62
(2) The distance of the flagpole; 61 - 16.5 = 44.5
44.5 + 38 (Breakout price)
Possible price target is 82.5
The reason why I was happy today was a low volume day was because of the decreasing volume over the last few days as well.
This means that a breakout may occur over the next few days.
CommSec Bullish, page-50
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Last
6.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $19.43M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 15800 | 6.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 6.7¢ | 31257 | 1 |
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| Last trade - 16.12pm 12/07/2024 (20 minute delay) ? |
| LOM (ASX) Chart |
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