LTR 3.01% 64.5¢ liontown resources limited

Firstly, congratulations on taking the opportunity to cash in on...

  1. 13,482 Posts.
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    Firstly, congratulations on taking the opportunity to cash in on the first offer.smile.png

    Secondly, I did call late this week that the bottom may be in and here are some reasons

    1. The far right hand side shows the point (on Thursday) above which I suggested that it may be close to returning north.
    This was based on the 2 candles in the box) and is now almost verified by the 9/13 moving averages-- I use the lower MA's to reduce the significant impact of the large increases and decreases and this makes for a smoother depiction, particularly after such significant moves .

    2. Fundamentally LTR will not truly bear fruit until either production is nearer or indeed a great takeover offer is tabled. In the interim it will trade according to supply and demand

    Caveat - no one has a crystal ball but we simply make decisions and based on your history - you may well be right again

    https://hotcopper.com.au/data/attachments/5805/5805180-ff9dd490e7d7719793961d279ebeee65.jpg

 
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