I was suggesting a shallow retrace for wave (iv) down and so far, even though it might feel horrible, the retrace hasn't was restricted to just a little over Fib 38.2% even though Fib 50% or $1.47 from the TA point of view would still be acceptable. Obviously the latest news about the royalty claim didn't help, however it doesn't make LTR nonviable, as mine development continues, commissioning is afoot and production is still planned for mid year.
So I hope the indicated rising channel shows and remains to show the thrust of where SP wants to be heading and my suggested target levels for wave (v) up (black dashed lines), just above the $1.80 CR level, will be reached early in the new year.
The above comes with my best wishes to all of you for a Happy & Prosperous New Year. May the new up trend be be our friend for 2024 and beyond!
Marry Christmas to all!
New TA/Charting, page-13847
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Last
90.5¢ |
Change
-0.020(2.16%) |
Mkt cap ! $2.194B | |||
| Open | High | Low | Value | Volume |
| 91.0¢ | 93.5¢ | 89.0¢ | $26.09M | 28.68M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 472933 | 90.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 90.5¢ | 446423 | 6 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| LTR (ASX) Chart |