New TA/Charting, page-14186

I like your graphics and supporting discussion.

I see LTR as heavily oversold. If the lithium price has flattened then hopefully it's gearing up for a bounce.

If nothing suddenly negative happens (including midyear report) then I can see the SP reaching the $1.40's in the next 3 weeks. Showing some support at $1.285 (bold thinking).

This is the kind of activity I really want to see for a convincing break through of the existing channel; indicating the upward trend.

If we are on the cusp of lithium prices increasing, then I expect an upside gap. 7% shorts loosing their pants will also help!

Gina is in the box seat to TO and as everyone knows LTR won't go for anything less than $3 PS (which was the offer in a depressed market).

With increasing ore prices (hopefully due to declining supply), the company being on target to restart mining mid-2024 and lowering interest rates I'd expect they will find $760M. Once again supporting an upward trend.

As for last Friday's huge 11.9% increase; there were low sell volumes so I could see the price extending on last week; but based on previous occasions I'm not expecting much until the end of the week (also holiday in US on Monday - tomorrow).

So far I'm impressed with the sharp upward trend of late. More green candles please!

Thanks FlashPoint for your inspiration.

MorningStar 'fair value' is $2.397.