It hasn't been a terrific run for Liontown Resources (LTR) of late, but perhaps that run could be coming to an end in the short term.A relatively rarish chart pattern has emerged on the daily chart (a 'key reversal bottom' formation) which has the potential to provide a reversal to the downtrend, which aligns well with the increased amount of volume seen in trading the stock over the past week. In addition, we're also seeing a cross-over of the negative DMI line over the ADX, and a potential challenge of the RSI against it's average RSI value (see chart below). Ultimate stop loss to the trade (or neglecting trade entry) is any market trade below the low of the signal day of 26th June (i.e.: below $0.835).
LTR Price at posting:
90.5¢ Sentiment: Buy Disclosure: Not Held
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