In a bearish market and with no significant news that anyone is really expecting (except for a couple of assays which may not provide much of a bounce because the market already knows we have high grades), I personally think the gap looks likely to close.
If I give you a competing argument - a previous point of resistance (from 31 May 2021 when we announced our Cloud 9 JORC) was 8.5 cents.
Sometimes previous resistance provides a line of support (but I personally doubt it in this instance).
LRS General Discussion, page-6014
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Last
17.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $489.8M | |||
| Open | High | Low | Value | Volume |
| 17.5¢ | 17.5¢ | 16.5¢ | $1.743M | 10.17M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 725972 | 17.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.5¢ | 212595 | 8 |
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| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| LRS (ASX) Chart |