New TA/Charting, page-12031

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FlashPoint

6,271 Posts.

2220

06/03/23

16:01

Post #: 66628302
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Originally posted by FlashPoint: ↑

Sorry about the above, but this version is probably easier to read ...

Terms to help interpretation of the above Accumulation:
SC - Selling Climax: A major panic that occurs at the end of a steep decline in prices. In its classical form it is typified by large range reversal in prices accompanied by large volume.
AR - Automatic Rally: The rally that occurs after a Selling Climax. It occurs with out previous preparation, hence the word “automatic.” The top of an AR usually marks the beginning of the coming creek.
ST - Secondary Test: A name given by Wyckoff to the reaction following Automatic Rally,(or rally following the Automatic reaction.) If that test is associated with small range and light volume—it increases the likelihood that the previous trend is over.
TSO - Terminal Shakeout: A decline below area of accumulation, which reverses itself rather quickly and vigorously back into the accumulation area. A true TSO is followed by a strong rally back to the creek.
JAC - Jump Across the Creek: A vigorous penetration of a creek (resistance) that was capping prices throughout the process of accumulation. Usually associated with wide price range, strong closes and large volume.
BUEC - Backup to the Edge of the Creek: The reaction that follows Jump across the creek. A shallow retracement during the BUEC is a good sign and indicative of the change of character of prices as they rise upward. The nature of that reaction should indicate whether supply is indeed scarce and it is safe to buy.
JAC and BUEC are ‘bell ringing’ events on the chart. They indicate the readiness of the stock to start moving upward through the Resistance Line and onward.
SOS - Sign of Strength: The process of accumulation that is associated with wide range, strong close and higher volume.

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You be the judge ...

LTR Price at posting: $1.71 Sentiment: Buy Disclosure: Held
4 Upvote

1 Great analysis

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(20min delay)
Last 88.0¢		Change 0.005(0.57%)		Mkt cap ! $2.134B

Open	High	Low	Value	Volume
85.0¢	88.0¢	83.5¢	$10.59M	12.37M

Buyers (Bids)

No.	Vol.	Price($)
1	6000	86.5¢

Sellers (Offers)

Price($)	Vol.	No.
88.0¢	137580	10

View Market Depth

No.	Vol.	Price($)
1	6000	0.865
8	87960	0.860
1	42542	0.855
5	56694	0.850
5	94498	0.845

Price($)	Vol.	No.
0.880	136080	9
0.885	59500	3
0.890	302208	11
0.895	104478	9
0.900	354861	35

Last trade - 16.10pm 13/11/2024 (20 minute delay)

LTR (ASX) Chart

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