LRS chart, page-1741

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19/03/21

17:29

Post #: 51904394
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Originally posted by Drk1997: ↑

Ok, so a couple of things to note. Assaying is completely priced in, even at current valuations; we saw a test of 6.2c, but it rejected LRS harder than my high school crush. The JORC is due sometime Q2, so there will need to be an announcement pertaining to another project for a push. Still oversold and the current trajectory is definitely bearish and I see us heading towards 4.9c soon, with a potential test of the November trend line if that breaks. I think someone before was saying there is very little resistance until 10c; I 100% disagree. Even ignoring any charts, logically, there are a lot of traders who entered and will be looking to dump at breakeven, and there'll be quite a few walls on the way to 10c. You can see already how it struggled with 6.2c res, and that's because there was a lot of buying around this price the time it dipped there on that Friday on the way down from 10c, with many traders expecting a bounce and buying the dip. Now, on the upside, once again there is relatively little resistance until 6.2c, but it needs some strong buying to head in that direction; the doji on the chart here is almost a gravestone and is bearish and may be confirmed by further drops soon. This is all my opinion, happy to be wrong; and please do not smack me with fundamentals as I have not critiqued them here, although I will say please drop the ADN comparisons, they're mining next year and LRS haven't even done feasibility studies. LRS is not MEP; it will not piggyback ADN, although ADN may help bring some attention to this end of the market.

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I completely disagree with your analysis both TA and FA but I really can't be bothered writing, it's Friday afternoon and a big night planned ahead. Glta, happy days ahead , have a nice weekend everyone

LRS Price at posting: 5.4¢ Sentiment: Buy Disclosure: Held
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1 Great analysis

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(20min delay)
Last 21.0¢		Change 0.010(5.00%)		Mkt cap ! $588.2M

Open	High	Low	Value	Volume
20.0¢	21.5¢	20.0¢	$5.254M	25.25M

Buyers (Bids)

No.	Vol.	Price($)
6	563296	20.5¢

Sellers (Offers)

Price($)	Vol.	No.
21.0¢	475850	13

View Market Depth

No.	Vol.	Price($)
6	563296	0.205
5	839520	0.200
6	1076153	0.195
16	2914406	0.190
15	3831875	0.185

Price($)	Vol.	No.
0.210	450302	12
0.215	3848577	30
0.220	1704874	27
0.225	2162743	10
0.230	2765276	16

Last trade - 16.10pm 14/11/2024 (20 minute delay)

LRS (ASX) Chart

LRS chart, page-1741

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LRS chart, page-1741

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