LOT 2.50% 39.0¢ lotus resources limited

Lovely looking chart here on the weekly with a nice trend...

  1. 473 Posts.
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    Lovely looking chart here on the weekly with a nice trend providing some nice easy trades each week with support mostly off the 9 ema as it rises. The price is sitting nicely between the upper Bollinger band and 9 ema with any wick outside being sold down to the 9 or 13 ema providing great entry points along the way. Any of the larger corrections are finding support on the 65 ema (grey) with the exception of the one from 46c - 16c which is likely a Wave 2 IMO.

    I think this trend is only just getting starting and once it reaches the 62% fib at 41c, if it can penetrate this with some conviction and move beyond the previous high of 46c I think things could get very interesting here quite quickly.

    LOT Weekly
    https://hotcopper.com.au/data/attachments/5895/5895963-47666ea1192024698229d4822f13ccd1.jpg

    Weekly Zoomed into box
    https://hotcopper.com.au/data/attachments/5895/5895966-fcbefb58486a873c1d31d98a7cc249f2.jpg
 
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Change
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Last trade - 16.10pm 14/06/2024 (20 minute delay) ?
Last
39.0¢
  Change
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Open High Low Volume
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Last updated 15.59pm 14/06/2024 ?
LOT (ASX) Chart
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