I am a FA investor but do appreciate the TA side, so see the trend. In my eyes its oversold from the support level at 3, which from memory is also supported by Bell Potters average buy around 3.1 for close to 130 million shares.
Sorry I couldn't reference the latest BP buy data from rickdipper (moderated)
Also note the volume has been low all through the decline that started in June. With the reliable revenue growth occurring, the share price will inevitably get in step.
So just a buying opportunity for me
LPE Chart, page-2
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Last
13.0¢ |
Change
0.005(4.00%) |
Mkt cap ! $23.42M | |||
| Open | High | Low | Value | Volume |
| 13.0¢ | 13.0¢ | 13.0¢ | $59.70K | 459.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 85544 | 12.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.0¢ | 389774 | 6 |
View Market Depth
| Last trade - 15.34pm 27/05/2024 (20 minute delay) ? |
| LPE (ASX) Chart |