Australia's largest stock trading and investment forum Australia's #1 stock forum

LOM

Click for more information

3.03%

6.4¢ lucapa diamond company limited

Well, seems you have not been following posts on this subject,...

First 13 Last

Share
Profile

Follow
Bagman22

9,397 Posts.

1344

19/09/16

16:19

Post #: 19260695
Share

Originally posted by irynka ↑

In my previous post I mentioned that at the first time last Friday a relatively strong support area between 32.5-33c was broken. Based on a trader tactics it was a signal to sell but being by the nature a trader this signal was not taken by my consideration for a relatively large holding (4 parcels of shares) as I invested in this stock.

With today's stock price action a relatively big volume was traded just for 2 hours of trading and the SP has reversed what is called by a false break for the corresponding chart behaviour. Usually this happens when big shareholder on some reason manipulate the stock price initiating stop losses execution and picking up shares at a cheaper price.

So in the current circumstances taking significant fundamentals in the company there are only 2 scenarios:

- whether there is a selling by a big holder on some reasons (unknown to the market) or

- a big holder is deliberately playing a game what is more realistic taking the fundamentals of the company.

irynka

Expand

Well, seems you have not been following posts on this subject, otherwise you'd know that your option 'A'
is currently a shade of odds in the HC betting market.
B22.

LOM Price at posting: 33.5¢ Sentiment: Buy Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

From the Floor with Kim Beazley at Diggers and Dealers 2024

SGQ

St George shares rise 20% on Brazilian niobium acquisition

From the Floor with Federal Opposition Leader Peter Dutton at Diggers & Dealers 2024

Wealth Within: Why the stock market isn't going to crash and more with Dale Gillham

Revolutionary inverter technology leads the clean energy charge

There are more pages in this discussion • 465 more messages in this thread...

First 13 Last

Add LOM (ASX) to my watchlist

(20min delay)
Last 6.4¢		Change -0.002(3.03%)		Mkt cap ! $18.85M

Open	High	Low	Value	Volume
6.4¢	6.6¢	6.3¢	$20.80K	324.9K

Buyers (Bids)

No.	Vol.	Price($)
1	21581	6.4¢

Sellers (Offers)

Price($)	Vol.	No.
6.6¢	12125	1

View Market Depth

No.	Vol.	Price($)
1	21581	0.064
1	15700	0.063
1	75000	0.062
2	75606	0.061
1	16666	0.060

Price($)	Vol.	No.
0.066	12125	1
0.071	20250	1
0.072	108501	4
0.073	264658	2
0.077	70000	1

Last trade - 12.24pm 06/08/2024 (20 minute delay)

LOM (ASX) Chart