LRS 5.41% 19.5¢ latin resources limited

Depends entirely on whether or not there is an announcement this...

  1. 889 Posts.
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    Depends entirely on whether or not there is an announcement this week. On the downside I would look for a bounce from 5.5c, followed potentially by 4.9c in the event that breaks. Around 4.2c is where there is genuine significant support should it head there. On the upside, 6.2c is the key level to break and should that happen i see it trading near 6.2 -6.6 by the end of the week. It has broken out of the steep decline from the peak and my prediction is on the former scenario with some consolidation happening between 5.5-6.2c & LRS being unable to crack the resistance at 6.2c without an announcement, and I say that we close the week around the 5.8c mark. As of today, it still remains oversold on the stochastic. If there is an ann this week I may lean on the bullish scenario, but then I am not so sure since there will be more volatility again, though I would suggest containing any FOMO since the assaying is largely priced in as we head towards 7c. I am keeping an eye out on the TL since November as I think that will still hold true in future. Please keep in mind that this is my opinion, and as a holder of this stock, I will be happier if I am proven wrong, even terribly; I really do not care about being correct.
    https://hotcopper.com.au/data/attachments/3002/3002599-1f7792ae13f6aa9678b5425849c16dff.jpg
 
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Last
19.5¢
Change
0.010(5.41%)
Mkt cap ! $539.2M
Open High Low Value Volume
19.0¢ 20.0¢ 18.5¢ $3.508M 18.15M

Buyers (Bids)

No. Vol. Price($)
13 1248401 19.5¢
 

Sellers (Offers)

Price($) Vol. No.
20.0¢ 2323063 28
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Last trade - 12.03pm 12/11/2024 (20 minute delay) ?
LRS (ASX) Chart
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