I wouldn't say its a buying opportunity but it will give you a second chance to get out if you choose.
RSI is heavily oversold
Support is holding for the moment
Bollinger's are set to a standard deviation of 3, When price goes outside them it always goes back to the medium line.
Shorts would have doubled down over the last couple of days, and retail has been cleaned out, so expect the shorts to be getting nervous at this point in time.
All up I would expect a bounce, how big a bounce we will have to wait and see.
When the weak hands leave...the institutions will buy the opportunity, page-62
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Last
3.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $56.72M | |||
| Open | High | Low | Value | Volume |
| 3.4¢ | 3.4¢ | 3.3¢ | $107.0K | 3.167M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 31 | 2222612 | 3.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.4¢ | 1638132 | 7 |
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| Last trade - 16.10pm 15/08/2024 (20 minute delay) ? |
| LKE (ASX) Chart |