Symmetrical triangle with a falling wedge, mixed in with a descending support line forming a support intersection, that we're now sitting on. Tomorrow could tell the tale I think. RSI looks like there is more to give to the downside. Stock still isn't completely oversold when the majority of the exchange is. If she does play out to the bear side, it's going to be bargain city and I don;t know how long it will last... Could be very quick...
If this support manages to survive the storm and the falling wedge is the real deal, 18+cents incoming... With the current market conditions I personally find this hard to believe.
If support fails I believe the first gap will close or end up support at the 236 fib line(where red and yellow meet) I'd say lower but at that price it;s an absolute steal and LTR has shown more strength than most during the crash so far.
Here is your cheat sheet mate. @BigmarnLIT ETF.. If the market continues to dive.. It will enter the descending channel again.
My opinion. DYOR.
New TA/Charting, page-2164
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Last
70.8¢ |
Change
0.018(2.54%) |
Mkt cap ! $1.733B | |||
| Open | High | Low | Value | Volume |
| 71.0¢ | 74.0¢ | 70.0¢ | $11.57M | 16.14M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 37 | 635947 | 70.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 71.0¢ | 175900 | 24 |
View Market Depth
| Last trade - 15.01pm 12/09/2024 (20 minute delay) ? |
| LTR (ASX) Chart |