LLL 0.00% 50.5¢ leo lithium limited

Charts, page-954

  1. 2,032 Posts.
    lightbulb Created with Sketch. 134
    Definitely looking like the market has capitulated, and is in peak "distrust". FA seems like downside is limited, lots of HC chatter and capitulation/desperation over the last 2 weeks. A good sign for LT buyers.

    Generally LT, that's a buy signal.

    Horizontal support lookes in tact, swiping buyers from Arpil 23 period (stop loss hunt?).

    That trendline is right on target also.

    Downside into the $0.40's is possible. Upside target within 3 months (60 trading days) is quite attractive RvR. As an example, entering in today has a 8+ R/R ratio, and thats just to swipe away the last 2 weeks action, and a new low being your stop. So very attractive long entry.

    https://hotcopper.com.au/data/attachments/5583/5583495-2b24f36807c093976b3fb7123ba7b999.jpg

 
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