Just reflecting on the resistance at 1.5 / 1.6 area. Volume was very light during the times the stock traded in that range so it may not be as resistant as many think it will be. It is likely to be profit takers who have bought in at the sub 1c level along with stale and disenchanted SHs.
Could this be a fifth leg (Elliott Wave Theory), where this turnaround is the 1st leg in a new bull market, it's always hard to tell and the theory seems always to be in the eye of the beholder.
Below is a copy of LPD chart:
Just reflecting on the resistance at 1.5 / 1.6 area. Volume was...
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 (20min delay)
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Last
0.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $22.91M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.4¢ | 0.3¢ | $3.878K | 1.086M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 7988620 | 0.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 44581099 | 48 |
View Market Depth
| Last trade - 15.58pm 07/05/2024 (20 minute delay) ? |
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Last
0.3¢ |
Change
0.000 ( 14.3 %) |
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| Open | High | Low | Volume | ||
| 0.3¢ | 0.4¢ | 0.3¢ | 913247 | ||
| Last updated 12.34pm 07/05/2024 ? | |||||
| LPD (ASX) Chart |