It looks like LRS has returned to retest support in both the weekly and the daily charts. Notice the big volume in the weekly chart with a dominant candle on a rising share price and small volume on retrace. This is a very bullish pattern. The weekly chart shows that LRS is in a strong uptrend since May 2020. The daily chart shows a hammer yesterday which is an indication that the short retrace could be over. My inclination is to add to my portfolio.(dyor, not to be regarded as advice)
LRS 5 days moving average is above the 15 days and 30 days moving average and the 200days moving average is trending up which support my analysis that we have a bullish set up.
It looks like LRS has returned to retest support in both the...
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Last
16.0¢ |
Change
-0.020(11.1%) |
Mkt cap ! $447.9M | |||
| Open | High | Low | Value | Volume |
| 17.5¢ | 17.8¢ | 16.0¢ | $4.686M | 27.80M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 2472953 | 16.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.5¢ | 1202344 | 3 |
View Market Depth
| Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
| LRS (ASX) Chart |