LTR CHARTING THREAD 3.0...........TA ONLY PLEASE, page-399

Hello all LTR traders


Picking wave counts can be very subjective , what we do know definitely is that LTR is either on the finishing end of a complete 5 wave movement , or LTR is in ABC correction mode going by this graphic as shown previously


The reason why its subjective at this stage is the green arrow is either pointing to sub wave 5 or sub wave 3 and correspondingly the red arrow is either ponting at sub wave 4 down or indeed in the middle of a ABC correction.

Either way, not ideal for first time entrants in this stock, if in doubt with wave counts then just look at the indicators.

a) 5 & 9 ema rolling over

b) AO indicator has been bearish for a while now and you will see those red bars continue to recede right to the base line or negative

c) MACD .............green line breaking below the red line from a high

d) RSI 14 could drop to 42 if 59 support doesnt hold.


Too many red flags for me to recommend an entry in this stock, better opportunities elsewhere at this stage, the recent FA news was under whelming to say the least.

IMO of course

Not financial advice !!!