Smouldering's hopes and wishes are clear from his post on 29th March, he also referred to EMA50 and added ...
"You have to say, in the past 1 year this has been THE best performing stock on the ASX, I doubt anyone has lost money on this one.
And yet, I keep waiting for it to reach EMA200, for years!"
Anyone looking at the chart and EMAs could see that for a stock with large price swings like LKE, EMA20 (currently at $1.75) and particularly EMA10 (just over $2) is a much better fit than EMA50 or EMA200 which you seem to be in favour of. If you consider yourself knowledgeable in TA and follow these things like EMAs, why do you try to convince us that we should be concerned with EMA50 and not one of the faster moving averages like EMA10?
If one missed the boat on a great investment, why wait and hope it must drop by half to be considered a good investment?
If LKE drops by half there must be something wrong with it and you should not invest in it at all.
LKE chart, page-1019
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Last
3.7¢ |
Change
-0.002(5.13%) |
Mkt cap ! $61.73M | |||
| Open | High | Low | Value | Volume |
| 3.8¢ | 4.0¢ | 3.7¢ | $92.45K | 2.407M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 735921 | 3.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.8¢ | 371214 | 2 |
View Market Depth
| Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
| LKE (ASX) Chart |