LTR 3.63% $1.00 liontown resources limited

New TA/Charting, page-873

  1. 6,604 Posts.
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    I was too busy moving stuff to sell any today before the pullback, though I could see the lower volume and that we got to a point where punters were not prepared to go much higher so thought a pullback a distinct possibility.

    Anyway not fussed, I rarely try to trade any, though ending the day up is always a more fun way to end the day than down. We are just finding a new base. It will be fine, we have probably gone from a tad overbought to a tad oversold IMO. I think up most likely from here.

    On what Max is rattling on about, its probably confusing because he's making the point on this stock forum but yep some people do trade stocks successfully using only TA not knowing what the stock does. I have a mate who's done it for several years. He told me on average he makes about 120k.p.a.
    I having been in mining/construction for a while thought that sum you know, ok until he told me he only works at it about 90mins a day!

    He is a very smart guy and has a system. It involves jumping on high volume rising stocks for a short part of the ride up. He told me he loses lots of the time but wins more of the time, thats all that matters.

    Im a fundamentals guy but hey nice there is more than one way to skin a cat so as to speak. But fundamentals appeal much more to me, I like a good story and understand people and economics more than just raw numbers, I find that boring.

    Anyway we have a great story here and good people behind it so no concerns from me on ending a little down.
 
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