LRS 5.56% 17.0¢ latin resources limited

LRS chart, page-2674

  1. 5,702 Posts.
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    https://hotcopper.com.au/data/attachments/3886/3886849-6a1fe605e9c6c219c7263b8ce6c53a0f.jpg
    I am not going to lie, this chart is pretty bloody sick, i thought the recent Noom result would stabilise things a bit, but then the MACRO shat itself and LRS hasnt recovered , punters might of exited due to the fact our lithium assets wont get any substantial news flow until Feb / March next year , so chase better opportunities until then....., who knows.

    SP needs to hold at 3.1c support, or it recedes to 2.77 support, then 2.18.

    RSI 14 indicator has dropped below 43 support, could drop as low as 23.

    My SL tapped me out at 3.8c, so i only hold a small parcel for now, will just wait and observe where the SP finally settles, before adding in at this stage.

    I dont chase, price comes to me.

    Whilst the SP is very disappointing, the assets havnt changed one bit, they still excite me, therfore my interest is still retained.

    LRS will come into its own, starting Q1 2022 me thinks, when hopefully the drill bit does the talking regards to Salinas lithium in Brazil.

    Then the updates on NOOM.

    Who knows WTF is going on in Argentina.

    Sorry i cant be more positive, just calling it, how i see it...........

    imo


 
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Change
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26 2237794 16.5¢
 

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17.0¢ 250000 1
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Last trade - 16.10pm 28/06/2024 (20 minute delay) ?
LRS (ASX) Chart
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