LTR 3.63% $1.00 liontown resources limited

New TA/Charting, page-11839

  1. 6,271 Posts.
    lightbulb Created with Sketch. 2220
    Really, "Still trading within a 6 month range"
    I would have sort it is a 15 month downtrend with latest significant high being a lower high. but hey maybe someone should contact Investopedia asking them to correct their teachings as presented here https://www.investopedia.com/terms/t/tradingrange.asp

    Anyway my very basic weekly chart of the LIT Global X looks like this showing the downtrend, which started after reaching its ATH in November '21. One could probably also call it a quite a correction, but then what does one expect after 5 waves up?

    https://hotcopper.com.au/data/attachments/5064/5064200-d5946a196c61d9666a220293a11e213f.jpg


 
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