Our SP continues to get compressed into this rising triangle pattern as explained in the previous analysis in the link above. It may result in a very bullish breakout of the SP.
Next week or within 2 weeks or so, we will find out if our SP will push above the 21 cent resistance level after being compressed into the rising wedge pattern (pink line/bottom black line). The possibility still exists for the SP to move up higher after breaking out of the rising triangle to bounce off that top trend line again for confirmation of that pattern as well. This wedge pattern will result (in the coming months) in a bullish move up even higher or bearish drop in the SP.
As @billijo has explained he believes LIT might be undervalued.
If that bottom trend line fails in the next few weeks, major support is the top of the Kumo around the 16-17 cent area. Overall on the weekly chart LIT is trading above the Kumo which makes it bullish in that timeframe.
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)