Im charting off the chart - the news is in the price ! and yes its well understood basis of T/A that repeating ranges do happen. Fibonacci retracements are also well understood - the 50% fib retrace is a level that gets hit regularly and that number is 38c on Lom -
Im not saying it will necessarily go there and if it does I would be looking for strong support to arrive at that price but it could just as easily continue back on up to my upper target - the old high at 61c -
Today's low at 39c is close enough to 38c to call it it a 50% retrace ( IMO)
LOM chart, page-1017
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Last
5.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $14.50M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 9823 | 5.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 6.1¢ | 15000 | 1 |
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| Last trade - 16.00pm 21/08/2024 (20 minute delay) ? |
| LOM (ASX) Chart |
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