LOM has an est 1.02B shares on public float with an average daily trading volume of 2.5m to 4m, or 0.25% to 0.4% of public float, depending on which time period you choose, this means turnover rate is literally 250 to 400 days, making TA a moot point
You generally require turnover rates less than 100 days, or 1% of float traded on average, to have any confidence in a signal
so there's your TA commentary if that's what this thread was supposed to be about... if that's the case its hilarious the most likes were given to an innocuous post which had nothing to do with TA and was clearly written by catman:
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Last
4.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $12.18M |
Open | High | Low | Value | Volume |
4.2¢ | 4.2¢ | 4.2¢ | $1.999K | 47.59K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 342198 | 4.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.2¢ | 52409 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 342198 | 0.040 |
1 | 118683 | 0.039 |
1 | 83360 | 0.036 |
1 | 280000 | 0.035 |
1 | 16000 | 0.033 |
Price($) | Vol. | No. |
---|---|---|
0.042 | 50609 | 1 |
0.045 | 6903 | 1 |
0.053 | 100000 | 1 |
0.055 | 30000 | 1 |
0.062 | 120000 | 1 |
Last trade - 10.04am 04/09/2024 (20 minute delay) ? |
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LOM (ASX) Chart |