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Stock12345

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16/06/21

11:12

Post #: 53869574
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Originally posted by Bayhunter: ↑

For anybody thinking of short term selling LPD, take a gander at this TA

Every time the LPD SP goes above the 200 EMA on the daily chart we go into a big rally, we are nearly at that point now, will the successful cap raise, drill results or ....... ???give this worm enough energy to cross the 200 EMA again soon.

The SP decline over the last three months IMO can be put down to frustration over no offtakes or finance being signed and the resulting cap raise. When customers work out how to take the lid off the pen this chart gives holders some foresight of the resulting SP appreciation possible. Note this time the bull run will come from a more oversold position than the last three runs as seen in the MACD.

I have now changed my sentiment to "Buy" from hold due the the successful cap raise and this very pretty picture forming

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Agreed if sp hit a new resistance or old support at 1.7c , it will rally upwards in anticipation of OT announcement may occur. Having said about the TA, I was still disappointed with JW words didn't go with action. He said OT agreements will be in a second half of calendar 2021 which will be from the 1st July onwards. We all just wait and see his words will be met with his action. Everyone DYOR and don't rely on my opinion or others' opinion.

LPD Price at posting: 1.5¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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