It is starting to look a little interesting. As you say, it's been the most volume in the last 12 months - whether that is something to do with eofy, or genuine accumulation, it's tough to tell. Obviously, for every buy, there is also a sell. TA wise, we'd really need to see a high volume break of about 0.009 for anything meaningful. In order to have a chance of this (imo), we'd need minbrie re-assays to come back positive, a known path to capitalization (cr, debt facility, govt grant - or a combination), and a firm drill program commitment. Alternativly, we'd need red-hot results from a drill program, which would allow for capitalization at a higher sp (which would be optimal, due ot less dilution of existing holders).
TA wise, you'll notice the short term moving averages (red guppy indicator lines) are turning up and trying to push through the long term moving averages (blue lines) - circled in yellow. Macd has also crossed positivly. So technically it does look good - but really need more volume for it to be meaningful (imo). Anyway, time will tell. Thanks for starting a TA thread, I think it will be beneficial once the criteria above are met.
LML Price at posting:
0.7¢ Sentiment: Hold Disclosure: Held
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