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2.42%

90.8¢ liontown resources limited

New TA/Charting, page-14580

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FlashPoint

6,271 Posts.

2220

03/04/24

20:05

Post #: 73175288
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Originally posted by FlashPoint: ↑

I guess it is all give and take, however a Cup & Handle patter forming within a day or two seems like pushing it a bit, when normally the pattern's formation may be as short as seven weeks or as long as 65 weeks. So maybe reconsider that one … https://www.investopedia.com/terms/c/cupandhandle.asp

Today’s CS looks similar to a bullish Hammer, even though the shadow for my liking could be a bit longer. Anyway today’s price action does represent what usually does happen with in a Hammer CS. So let’s see if we get a bullish confirmation tomorrow. Price action today also created an equal low at $1.20 and then it bounced, so I’m thinking bullish Tweezers Bottom. So again we want to see a bullish continuation on that one.
Other then that the body of today’s CS finished up within the rising channel that started at the 87.5c low. If I’m interpreting the above correctly, I would suggest the wave (i) and (ii) of wave i of wave 3 have finished and that wave (iii) of wave I if wave 3 will start tomorrow if it didn’t already. So in short I’m looking forward to tomorrow in order to see a bullish confirmation and with that a rising SP!

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Here is the updated daily chart to the above interpretation…

LTR Price at posting: $1.15 Sentiment: Buy Disclosure: Held
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(20min delay)
Last 90.8¢		Change -0.023(2.42%)		Mkt cap ! $2.206B

Open	High	Low	Value	Volume
95.0¢	96.5¢	89.3¢	$18.71M	20.36M

Buyers (Bids)

No.	Vol.	Price($)
37	264917	90.5¢

Sellers (Offers)

Price($)	Vol.	No.
91.0¢	289581	35

View Market Depth

No.	Vol.	Price($)
91	308907	0.910
22	285681	0.905
40	627470	0.900
24	391541	0.895
24	1009732	0.890

Price($)	Vol.	No.
0.915	201136	42
0.920	385976	41
0.925	240223	19
0.930	238480	14
0.935	169877	10

Last trade - 13.05pm 27/06/2024 (20 minute delay)

LTR (ASX) Chart