Potentially, pretty significant SP action today with LEL. Breakout above a 6-month Downtrend Line amongst the most obvious(See Daily Chart for more notes). In the very Short_Term we would need further confirmation (consolidation) above the now 69c-67c 1st support band(see 2_Hourly Chart) to be absolutely comfortable. There is the obvious GAP Up created today that provides the 2nd suppt band, however, at this stage I would be surprised if it is filled in the near-term. The day's high was right where initially expected(1st Fib and AP OTL). That level should be re-tested soon and probably broken signaling a move towards the R.1 band min.(shown on the 2_Hourly Chart) but ultimately the mid 90's(next Fib plus DTL of AP shown on Daily).
See how we go, aye....!
Daily Chart...
2_Hourly Chart ...
LEL Chart, page-2
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37.0¢ |
Change
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Mkt cap ! $41.44M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
|---|---|---|
| 3 | 42185 | 37.0¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 38.0¢ | 10374 | 2 |
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| Last trade - 14.17pm 05/07/2024 (20 minute delay) ? |
| LEL (ASX) Chart |