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2.29%

85.5¢ liontown resources limited

New TA/Charting, page-8154

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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 85.5¢		Change -0.020(2.29%)		Mkt cap ! $2.037B

Open	High	Low	Value	Volume
85.0¢	85.5¢	83.5¢	$4.832M	5.723M

Buyers (Bids)

No.	Vol.	Price($)
27	103499	85.0¢

Sellers (Offers)

Price($)	Vol.	No.
85.5¢	225060	24

View Market Depth

No.	Vol.	Price($)
16	62669	0.845
12	278298	0.840
17	418892	0.835
12	649880	0.830
8	95805	0.825

Price($)	Vol.	No.
0.850	132982	23
0.855	360078	22
0.860	258924	13
0.865	106962	6
0.870	167974	6

Last trade - 12.21pm 13/11/2024 (20 minute delay)

LTR (ASX) Chart