LTR

8.28%

78.5¢ liontown resources limited

New TA/Charting, page-10671

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GGG77

1,491 Posts.

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27/10/22

20:28

Post #: 64441165
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Originally posted by grasschoppa: ↑

HiGGG77,
The volume is important to the number of shares that are short and have to be replaced.
At the moment share price is not moving and volume traded is decreasing daily.
So, I'm trying to describe what I think is happening with the short trading strategy with regard to short covering that is being attempted, stress" attempted" by those institutions holding borrowed or rented share contracts.
The different daily volumes indicate to me that x amount of LTR shares are introduced into the market in an attempt to drive the price down on any particular day (very random)
What plays out next is the front office furiously selling and buying to the back office(and vice versa) then we see the real share tally of cross trades at the end of each day. This is still no indication of where the price is going after x trades are completed only the market maker and those with sophisticated software will know. IMO

What I'm seeing (with regard to volume candles) that may be of benefit is the need to return shares in the T+4 rule. So, after yesterday high of 2.04 extra short shares (acquired from somewhere) where introduced to stabilise the SP rise. I noted this on one of my early posts yesterday the one that said NO VOLUME 64401188 Crisis meeting/meetings in the Hedgie Market Maker office led to extra liquidity on the short side being introduced to the market later in the day. (My yesterday afternoon post 64410686) Those shares acquired from somewhere, could be from unsettled shares in broker accounts, or from agreed contracts with another institution. Either way they have to be brought on market and returned to the rightful owner(settled) to maintain market integrity. Friday Monday or Tuesday is going to see a bigger green candle as the holder of the short positions have to cough up with returning those shares or we will see arise in reported shorts. The shorters are losing this battle stay long and be rewarded. I’m very confident Leg 2 will resume.2.32- 2.38Let’s see. Kindest regards G. Choppa

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Great explanation. Love your work, always

LTR Price at posting: $1.94 Sentiment: Buy Disclosure: Held
17 Upvote

0 Great analysis

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(20min delay)
Last 78.5¢		Change 0.060(8.28%)		Mkt cap ! $1.903B

Open	High	Low	Value	Volume
76.5¢	79.5¢	74.5¢	$19.01M	24.50M

Buyers (Bids)

No.	Vol.	Price($)
7	46043	78.0¢

Sellers (Offers)

Price($)	Vol.	No.
79.0¢	62337	7

View Market Depth

No.	Vol.	Price($)
5	32523	0.780
5	40582	0.775
8	111497	0.770
2	70000	0.765
6	87400	0.760

Price($)	Vol.	No.
0.790	62337	7
0.795	85840	7
0.800	242214	17
0.805	51233	2
0.810	99729	7

Last trade - 16.10pm 27/09/2024 (20 minute delay)

LTR (ASX) Chart

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