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
15.5¢ |
Change
-0.005(3.13%) |
Mkt cap ! $433.9M | |||
| Open | High | Low | Value | Volume |
| 15.5¢ | 16.5¢ | 15.3¢ | $1.819M | 11.57M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 17 | 1362632 | 15.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.0¢ | 40000 | 1 |
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| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| LRS (ASX) Chart |