Hi NPJ,
I enjoyed your sector analysis, i hope you didn't take my post as attacking.
"how are you going to determine that that is going to be the right time to buy LPD?"
I am expecting a retest of support zone (will form DB - reversal sign) before breaking out of the bearish channel. I expect the buying volume from that signal will be enough to cause break out due to the span between support and resistance decreasing fairly rapidly. This should lead to a BB squeese on the charts, another breakout indicator as you have mentioned (directionless). Waiting for both DB and channel break to occur should provide safer entry (at a higher SP) getting in with the momentum but i am prepared to enter where stated. If i am incorrect and the price falls through 1.6 support then next major support is close @ 1.5c, stop @ 1.4 makes for a good risk/reward with an exit around the yearly bearish trendline.
3 announcents in succession were not enough to break the channel so i'm fairly confident how this will play out, but anything is possible. I am thinking (hoping) the bottom could be in @1.6. Time will tell.
Re. OVL, was just another trade in and out quickly. I recall people here were getting rather cranky at me so i gave them an opportunity to get happiness from my misfortune potentially (think someone said they were sheet?) but as it turned out i got away with +25%. Happy it went on a run for them.
This one's different.
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Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $17.17M |
Open | High | Low | Value | Volume |
0.2¢ | 0.3¢ | 0.2¢ | $4.107K | 1.976M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
19 | 15804551 | 0.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.3¢ | 56191236 | 58 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
19 | 15804551 | 0.002 |
143 | 290294636 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.003 | 54491236 | 57 |
0.004 | 27599916 | 33 |
0.005 | 9080858 | 12 |
0.006 | 7501726 | 12 |
0.007 | 2259531 | 4 |
Last trade - 16.10pm 22/08/2024 (20 minute delay) ? |
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