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What is going on with the order book?
spread 23.90 v 24.30p
and the 16.35 UT came up with 9 shares at 25p
16:35:14 25p 9 shares UT
Some funny things are going on, despite the sells the 23.90p bid has held and then all of the sudden, came out small size trades, one after another total 7.356 shares bought at full 24.30p
Posted earlier .....
Master RSI 20 Aug '20 - 09:39 - 16208 of 16210 Edit
What a false market it was this morning
the spread was large 24 v 25.60p at opening
The order book got into a mess as someone put 1,000 shares on the bid side at 25p, and someone else ( or the same person ) was lucky enough and able to sell 10K at that price, so another one put 6,500 shares at 25p also, so another 10K sell and took both bids at 25p away as an "AT"
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Master RSI 20 Aug '20 - 10:01 - 16209 of 16210 Edit
A bit of a shake since and further MMs movement, maybe earlier too busy with the MAIN market.
Just now WINS was the only one at bid 23.90p with 15,000 shares and after 928 AT, was left with 14,072 shares, but now has gone completely from the order book, not bidding or asking on the side.
That is much more than I was expecting for today 1.75 down
- MRSI- knows his onions alright, one to follow
24.85p -0.80p
The retracement goes on and now well into the short term tramline
Last night chart
https://uk.advfn.com/p.php?pid=chartscreenshot&u=37n1wh/CdLJot3WYFwY22I6l0kxv8vlOL/7fbMSli%208=
The retracement goes on currently 25.40 v 25.80p
order book still very strong and sells are well above buys on the ticker box
5 days chart
https://charts.moneyam.com/Chart.aspx?Provider=Intra&Code=LAM&Size=800*450&Skin=BlackBlue&Type=2&Scale=0&Start=20200119&Fix=1&XCycle=DAY1&Cycle=MINUTE2&Layout=Default;HisDate&SV=0&E=UK
Yes the retracement goes on, the reason much the same as since Monday, adding to the Tramline now well crossed.
There was this morning some large sells on the NEX Exchange and under the bid price, a normal thing if they are over the MMs size.
http://www.nexexchange.com/company-all-latest-trades?isin=GB00B1CL5249&listingtypeid=PLSL
tesa
re - Why do you think the retrace is due,
One has to cover all scenarios, and the retracement is the one that we may not like to think about, but it happens all the time, the reasons already explained yesterday. ( Indicators overbought, weak order book on the bid side ) maybe to add today falling from the Tramlines.
Another point today
On a very strong Market FTSE 100 and FTSE 250, LAM is on the way down , naturally sells are more prominent.
re - waiting for news
yes there are high expectations for that, but can be either way get it or not get it, and as the share price has been rising due to that, then .........
The reality is we've gained 7-8p in less than a month. We are setting higher lows along with it. Overall trend is up.
I'm certainly not complaining. Pull backs are part of the process, sellers sell and new buyers come in. It's what makes a market.
Anyone expecting to be an overnight millionaire here should look elsewhere.
We are ticking along just fine folks.
MrRSI
Yes the shares are down again, but the trend is up
Why do you think the retrace is due, everyone is expecting news soon?
Possible retracement points if the shares move further down
Nothing goes in a straight line.
https://uk.advfn.com/p.php?pid=chartscreenshot&u=lcWVl3/VqORlD1Yu7M2%209ZJU8mV8BQR1gRTl2Adr100=
What i will be nex?
in the tramline uptrend?
https://uk.advfn.com/p.php?pid=chartscreenshot&u=hvmpQjzRCZmoqG4eD1LBFo4lE0DXIb2vEBTrFKgY%2ByA%3D
That's what we want info about the company, good news or better charting but not today.
Good to see - Master - it's only short term
A very weak order book this morning and is much the same now Plus the sells have been appearing often and fast.
Not helped by the 28p UT last Friday being a double TOP on the candlestick chart
also the Indicators ( RSI an Stochastick were at overbought ) and now receding, typical of the profit taking though is Retracement.
chart with Indicators ... https://tinyurl.com/y6leuwct