New TA/Charting, page-6434

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ptlas

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13/11/21

13:51

Post #: 57551447
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Originally posted by FlashPoint: ↑

I probably won't be very popular with the comments I'm going to make, however I know for a fact @ptlas did make those comments in good time and before the event. So credit where credit is due on that point, because I saw the chart posted on another forum before it got moderated as being off topic.
I actually had enough time to evaluate his claim of negative divergence in the RSI, but without arguing about it, because of his attacking style of posting, I decided to go with the longer and stronger term RSI uptrend, which he didn't consider.

To be honest, I was more led by the positive fundamental vibs of what was expected and delivered I might add.
I could go into wave counts explaining the behaviour of the RSI, because of wave iv down, which was also guiding me, but I think I leave it at this from the TA point of view.
The one thing that bothered me for a while though was the thought of how much of the expected positive outcome was already baked in? Yes I was internally fighting with myself and finished up picking the wrong side, by even buying more LTR on the day before the TH. Well I mentioned that I sold that package with a small profit on the morning of the DFS release, but ...

However would I go as far as calling the market reaction "Carnage"? Absolutely not, because looking at the overall trend, I would currently go with pullback or correction as the following weekly demonstrates quite clearly!

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And credit where credits due to you
You didn't need to post that.
Just one point which is probably irrelevant
I don't use RSI just FI and the two MACDs

LTR Price at posting: $1.57 Sentiment: Sell Disclosure: Not Held
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0 Great analysis

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(20min delay)
Last 81.0¢		Change -0.025(2.99%)		Mkt cap ! $1.988B

Open	High	Low	Value	Volume
83.0¢	83.0¢	80.5¢	$2.932M	3.583M

Buyers (Bids)

No.	Vol.	Price($)
2	26894	81.0¢

Sellers (Offers)

Price($)	Vol.	No.
81.5¢	201811	16

View Market Depth

No.	Vol.	Price($)
4	34454	0.810
14	382625	0.805
36	720659	0.800
14	496749	0.795
13	359280	0.790

Price($)	Vol.	No.
0.815	200769	13
0.820	149004	15
0.825	138950	8
0.830	118305	9
0.835	295186	9

Last trade - 11.03am 09/10/2024 (20 minute delay)

LTR (ASX) Chart

New TA/Charting, page-6434

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Buyers (Bids)

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New TA/Charting, page-6434

Top Stories

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