An important week coming for the stock. And maybe for the sector - all U stocks.
.
Will we bottom from here or keep falling into an abyss? We don't know. I use CCJ as an example, and I have written my theory. I am also playing according to - nearly exactly what I have been saying for last several months, including last top and bottom. I did get the top write (end May/start June), but no confirmation of bottom yet.
.
LOT needs to hold this level. Its already down around 60% from its high of 49 high. Bottom number to watch, 20.5, up number to watch 26.5. Anything in between, usual noise/consolidation play.
.
Personally I am playing here, have bought in last few weeks, my average 21.
.
This is what I have written about U sector in my Weekly Report this week. Anyone more interested, look at my other posts.
.
.
- Uranium Sector overview - I have been writing for couple of months, May end top, July end bottom, September end top. CCJ to reverse from here. I was writing that 39/40 is critical level, and a move in either direction may provide medium term direction. Last week it was looking positive and finished at 42.61. This week there was a scare and tested the first lower level of 39/40. It came to 40.22, but this level has held for now. It finished the week at 40.84, towards the high of the day, having a green Friday. So as I wrote last week, a churn around the critical level may happen. I have also been writing till it crosses 45 and stays above that, reversal will not be confirmed. So we still don't have a confirmation. But odds that 35 may have been the bottom for this phase is still good. My play of bottoming here and topping Sep end/Oct begin is still intact. I have bought around 90% of what I had wanted to buy, 40% 3 weeks back, another 40% 2 week back, another 5% last week, another 5% this week, but I also did a good amount of trading and brought some of my averages. I do love to trade and play with 30%, many times on daily basis. Spot price is also in a scare/drama, dipped below psychological number of 80, at 79.25 down from 82.40 of last week. It needs to hold here for a reversal to U stocks. So my theory is still in play, but anything can happen, so please dyor.
- Forums
- ASX - By Stock
- LOT
- LOT Chart
LOT Chart, page-344
-
- There are more pages in this discussion • 186 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add LOT (ASX) to my watchlist
(20min delay)
|
|||||
Last
26.5¢ |
Change
0.010(3.92%) |
Mkt cap ! $485.8M |
Open | High | Low | Value | Volume |
25.5¢ | 27.0¢ | 25.5¢ | $1.818M | 6.937M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 20680 | 26.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
27.0¢ | 9426 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 343015 | 0.260 |
3 | 47839 | 0.255 |
22 | 904755 | 0.250 |
19 | 1558580 | 0.245 |
17 | 986832 | 0.240 |
Price($) | Vol. | No. |
---|---|---|
0.270 | 9019 | 2 |
0.275 | 225328 | 5 |
0.280 | 178018 | 6 |
0.285 | 406242 | 10 |
0.290 | 324296 | 4 |
Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
Featured News
LU7
Discover the strong preliminary feasibility of the Bécancour Lithium Refinery, showcasing resilience in a low pricing environment and a strategic plan to capitalize on future price recoveries
LOT (ASX) Chart |