There is no reason to challenge any level around 36 to 36.5 - no amount of volume and spread analysis makes that level any different from any other level. So I would call it a stab in the dark.and the resultant move wishful thinking.
Why would you possibly think LTR is being accumulated by any stretch ??? One of the confirming indicators of absorption is failed springs and there have been numerous since the upthrust which signalled the downturn. Yet you wish for another? I don't think you understand absorption and how to trade it at all.
What you have got fairly good at though is "hedging" your possible outcomes.
New TA/Charting, page-5056
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Last
78.5¢ |
Change
0.060(8.28%) |
Mkt cap ! $1.903B | |||
| Open | High | Low | Value | Volume |
| 76.5¢ | 79.5¢ | 74.5¢ | $19.01M | 24.50M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 46043 | 78.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 79.0¢ | 62337 | 7 |
View Market Depth
| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| LTR (ASX) Chart |