Today I saw an announcement which I dared to comment on for a lesson on how makers/pros/institutions also called composite operators work to achieve and outcome when accumulating a stock. Well my post was ruled off topic.
However the announcement and given their projects are in the same area north of Perth, gave me the idea for the following comparison chart of CHN and LTR.
Now today's announcement made it quite clear to me that the other stock was manipulated and kept in a trading range while an institution accumulated about 17 million shares. Going through the numbers of the announcement, it made it quite clear to me that they used all the tricks in the book to achieve the outcome. Seeing that I pointed at some accumulation patterns here in LTR as well I suspect the same or similar could be the case in LTR. I leave it to your judgement to agree, disagree or ask some questions if you like.
Anyway here is the chart ...
New TA/Charting, page-4805
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Last
79.0¢ |
Change
-0.020(2.47%) |
Mkt cap ! $1.915B | |||
| Open | High | Low | Value | Volume |
| 80.0¢ | 80.0¢ | 77.5¢ | $10.13M | 12.82M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 365849 | 79.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 79.5¢ | 35511 | 2 |
View Market Depth
| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| LTR (ASX) Chart |