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1.43%

86.3¢ liontown resources limited

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Rooster100

257 Posts.

491

13/05/22

01:11

Post #: 61380408
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Originally posted by lellep: ↑

Hello LTR Charting. This is the TA that I have also posted under the name LTR CHART 1 on Trading View’s community platform from my account (lellep). I am currently taking an online class from a master chartist with many years of experience. Here is my chart of ASX: LTR.

Currently the chart is looking bearish like many other stocks.
Here are the main bearish signals:

The 5ema has dropped below the 20 SMA (purple line).
The 30ema/50 ema are also sloping towards a bearish downtrend movement.
The very important support line at the 1,34 level has been broken (it was strong support 3 times before). Which leads to no support until the 92C level.
The RSI 14 is also in a clear freefall. It needs to go above 50 if a reversal in trend is to occur.

Conclusion:
This stock is IMO a sell at the current predicament until the RSI 14 stabilizes and global markets cool down.

This is not financial advice, only my opinion.

“The point of forecasting isn't to tick the boxes on the ‘how to make forecasts’ checklist. It is to foresee what’s coming.”

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Thanks but why?

LTR Price at posting: $1.16 Sentiment: None Disclosure: Not Held
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(20min delay)
Last 86.3¢		Change -0.013(1.43%)		Mkt cap ! $2.061B

Open	High	Low	Value	Volume
85.0¢	87.0¢	83.5¢	$8.066M	9.482M

Buyers (Bids)

No.	Vol.	Price($)
38	119908	86.0¢

Sellers (Offers)

Price($)	Vol.	No.
86.5¢	54769	19

View Market Depth

No.	Vol.	Price($)
40	121720	0.860
14	288916	0.855
14	265504	0.850
8	118598	0.845
10	275263	0.840

Price($)	Vol.	No.
0.865	53666	19
0.870	515166	32
0.875	552033	14
0.880	423571	11
0.885	218889	7

Last trade - 14.40pm 13/11/2024 (20 minute delay)

LTR (ASX) Chart