Here another note on Wyckoff Springs from Stockcharts.com
Springs or shakeouts usually occur late within a TR and allow the stock’s dominant players to make a definitive test of available supply before a markup campaign unfolds. A “spring” takes price below the low of the TR and then reverses to close within the TR; this action allows large interests to mislead the public about the future trend direction and to acquire additional shares at bargain prices.
Seeing that this Trading Range started back on 11. January 2021 it could be close when a Spring would be more than welcome, especially with the fundamentals getting stronger as demand for lithium is growing and a possible discovery in the near future from the Moora project.
Here another note on Wyckoff Springs from Stockcharts.com...
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Last
77.0¢ |
Change
-0.020(2.53%) |
Mkt cap ! $1.867B | |||
| Open | High | Low | Value | Volume |
| 79.0¢ | 79.5¢ | 76.5¢ | $7.899M | 10.17M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 49526 | 77.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 78.0¢ | 386841 | 12 |
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| Last trade - 16.10pm 19/08/2024 (20 minute delay) ? |
| LTR (ASX) Chart |