New TA/Charting, page-2163

After investing into LTR more heavily just recently, I thought I had better put in a bit of a TA effort as well and expand on what I have done so far. Obviously at 9.1c I picked my first entry too high and too early, but luckily I had a chance to have a second (8.1c) and third (7.9c) pick at it and was so able to reduce my average substantially. I'm now holding quite a nice package, which could see me through, but if there are further opportunities, there is more dry powder. So should we see the IMO unexpected 6c mentioned above, I don't mind taking up the opportunity.
I do happen to trust the IMO very strong 8c support, because LTR only closed below it once, when opening at 8c and closing at 7.9c, while having tested it quite a number of times. With the recent heavy drops in the DOW and the LIT Global X, LTR still managed to hold the line and was showing buying pressure, as in the lower shadows on candlesticks.

I did have a look into the LTR announcement history, which I think does speak for itself. My views on how I see the LTR story playing out I posted here https://hotcopper.com.au/posts/43484903/single , that's in case you are interested.


With the last candle stick looking quite bullish and the DOW closing up 1985 points or 9.36%, IMO this could be ignition source needed for the flashpoint to push LTR to the upside. In other words, this given the time could lead to a breakout above the strong falling trend line from the 15.5c top!

All the best to holders and take care, while DYOR!