I'm seeing some similarities in the chart pattern of LTP to the pattern of DRO back in Feb- March.
DRO ran up from 40c to near 80c and then jumped on a big candle to 95c.
That triggered profit taking and it corrected enough to break the steep uptrend line. It made a low 6 days later, before gradually rising again.
3-4 months later it has more than doubled off that correction low and is still trending strongly higher.
I have no idea if LTP will do anything similar from here but the similarities so far suggest you can't rule out further strong upside because the initial steep uptrend line was broken. Maybe that line was just too steep.
I'm seeing some similarities in the chart pattern of LTP to the...
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Last
78.5¢ |
Change
0.055(7.53%) |
Mkt cap ! $55.26M | |||
| Open | High | Low | Value | Volume |
| 73.5¢ | 78.5¢ | 73.5¢ | $243.4K | 315.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 29125 | 78.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 78.5¢ | 11435 | 1 |
View Market Depth
| Last trade - 16.10pm 26/06/2024 (20 minute delay) ? |
| LTP (ASX) Chart |