LTR 1.55% 95.5¢ liontown resources limited

LTR:Don't Miss the Boat!, page-38

  1. 12,454 Posts.
    lightbulb Created with Sketch. 265
    Thesi,
    Is LTR's MC really remaining low vs CXO's?
    LTR was 1.2 cents on Sept 20 ... now up nearly 200% to 3.2
    CXO was 3.2 cents on Sept 20 ... now up nearly 200% to 9.2
    Both charts mirror each other, and really their MC's are very similar... CXO with 30mill, and LTR with 26mill

    In fact, LTR has done remarkably well, considering they have not hit any "economical" grades yet. They actually dropped 25% in July when they released their assay results - the market was so disappointed! Since then they have gone up in tandem with CXO trading on nearology and potential alone.

    Its time for LTR to carry its own weight & deliver some good results ... it will be good for all the explorers there, as it will add weight to the "new lithium province" talk that the companies have espoused.

    Both companies have "Pennant" chart formations in place... both have really started to pinch up to the pointy end of the pennants too, so it indicates some price action about to happen. This is currently a bullish pattern, but will need a positive move over the next week to confirm it, or it will turn bearish. This TA coincides with the fact that we have news due soon. Lets hope they deliver!!

    LTR.JPG
    Last edited by Tibbs: 27/10/16
 
watchlist Created with Sketch. Add LTR (ASX) to my watchlist
(20min delay)
Last
95.5¢
Change
-0.015(1.55%)
Mkt cap ! $2.315B
Open High Low Value Volume
97.0¢ 97.5¢ 94.5¢ $12.43M 12.97M

Buyers (Bids)

No. Vol. Price($)
5 81419 95.5¢
 

Sellers (Offers)

Price($) Vol. No.
96.5¢ 3225 1
View Market Depth
Last trade - 16.10pm 16/07/2024 (20 minute delay) ?
LTR (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.