LTR 0.60% 82.5¢ liontown resources limited

New TA/Charting, page-13873

  1. 34,345 Posts.
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    No worries. I am not really a TA person.
    Everyone has own interpretation, good TA skills just increase accuracy, but still not certain.
    i.e guessing bottom in a downtrend, just catching a falling knife. Sometimes, a trend is your friend. Focusing too much on daily chart without considering fundamentals, usually doesn't achieve much, imo, unless you're a day trader.

    "reopen on 2 January", is obviously negative as led by overnight drop in US lithium stocks. So it's in hindsight, but it doesn't indicate what will happen after the negatives reopen.
    That's why I am inclined to focus on longer timeframe, very short term has too much volatility and no one can accurately predict future price movements.

    All imo.
 
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