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0.3¢ lepidico ltd

Ouch!!Down to 2.4 cents today!Looks like mine & @Jasox analysis...

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ProCapitalism

4,817 Posts.

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15/07/19

16:47

Post #: 39528192
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Originally posted by ProCapitalism: ↑

I just checked Commsec again.

I think the sell side is getting bigger & the buy side is getting smaller at the same time.

Ohh boy.

I think the day traders will start to panic if all the buyers start drying up.

They might all run for the exit at the same time?

Looking at the chart not only is there a bearish head & shoulder top, a bearish divergence, a gap at 1.8 that needs filling but there's also what looks to be a bearish descending triangle thrown into the mix. Combined with the massive sell side, there looks to be a lot of downward pressure on the SP over the short term.

Monday will be an interesting day of trade.

2.4 cents is the neckline, if it breaks through here we could be facing 1.8 cents head on. Of course markets overshoot all the time, historical long term support sits around 1.5 cents.

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Ouch!!

Down to 2.4 cents today!

Looks like mine & @Jasox analysis was right.

We need to hang onto this 2.4 cent area that's for sure.

Best of luck tomorrow gentlemen!

LPD Price at posting: 2.4¢ Sentiment: Hold Disclosure: Not Held
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(20min delay)
Last 0.3¢		Change 0.000(0.00%)		Mkt cap ! $25.76M

Open	High	Low	Value	Volume
0.3¢	0.3¢	0.2¢	$6.828K	2.909M

Buyers (Bids)

No.	Vol.	Price($)
82	63112953	0.2¢

Sellers (Offers)

Price($)	Vol.	No.
0.3¢	77129951	41

View Market Depth

No.	Vol.	Price($)
82	63112953	0.002
105	244926674	0.001
0	0	0.000
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.003	48439936	38
0.004	39422814	46
0.005	13550066	15
0.006	3150999	8
0.007	2277188	7

Last trade - 16.10pm 02/10/2024 (20 minute delay)

LPD (ASX) Chart