LTR CHARTING THREAD 3.0...........TA ONLY PLEASE, page-439

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beisha

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30/07/21

10:56

Post #: 54897630
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Originally posted by beisha: ↑

First of all forget about EW, very complicated reading and time consuming , the important thing you dont want to do is enter a stock on a dip, not at the top of an up wave, so use the tool ZIG ZAG and it shows you all the waves clear cut.

Then establish your support and resistance lines, minium of 3 touches , the more the better, consider that your bank.

Then get the rest of your tools out like i have displayed including volume.

a) AO indicator has finally found a green bar, thats bullish

b) MACD blue line is now basing and looks to want to curl up, thats a bit more positive

c) RSI 14 blue line has broken out past the upper trendline resistance

d) 5 & 9 ema looks to be turning up ( yellow arrow )

All of a sudden things look a bit more promising for LTR compared to yesterday

A break of 84c and it would be bullish and

Swing time , good for a trade.

A corresponding STOP LOSS, should be placed just under the nearest support line to protect capital in case of a sudden down turn .......

Sentiment changes to a HOLD

IMO

Not financial advice

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Mr market has decided that LTR is NOT going to 64c, so this is now a bullish chart, nice long pole breaking 86c resistance, i have outlined a possible scenario how this can now play out, longs will breathe a sigh of relief that 64c will not be challenged.

The TRUTH METRE never lies, 5 & 9 ema crossing the 20sma, i dont need any other indicator to tell me what is going on. ( yellow arrow )

A break of 92c and LTR becomes even more bullish.

All lithium players have recieved a nice bounce today...........

The ole saying, " bull markets float all boats "

Never a more poignant quote when it comes to LTR

Sentiment changes to STRONG hold, it will be an outright BUY once it surpasses 92c

IMO

No financial advice

Last edited by beisha: 30/07/21

LTR Price at posting: 92.5¢ Sentiment: Hold Disclosure: Not Held
4 Upvote

0 Great analysis

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