LTR 2.16% 90.5¢ liontown resources limited

New TA/Charting, page-3473

  1. 9,244 Posts.
    lightbulb Created with Sketch. 810
    Just an update to my chart -

    I've arrowed what might be the turning point in LTR with that large green bar - I label these as fake bars where the makers take advantage of news and let the sp push higher with the intent to sell or take final profits.

    The only way to confirm this is to wait for the successive bars to see if there is any follow through and selling occurs, which has happened with two supply bars (circled) and the last bar showing some demand to support the price but overall a red bar.

    I am tempted here to end the period of accumulation, which has been highly successful and see LTR enter a period of distribution along with it's accompanying volatility.

    https://hotcopper.com.au/data/attachments/2459/2459122-6d440f9a5e2360a6fddf2c4f872768d4.jpg
    Last edited by Cabbie: 09/09/20
 
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90.5¢
Change
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91.0¢ 93.5¢ 89.0¢ $26.09M 28.68M

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