LTR 0.00% 85.5¢ liontown resources limited

Good eye on topping pattern. I can see it as well, but...

  1. 13 Posts.
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    Good eye on topping pattern. I can see it as well, but surprising to see it gone under 120c... macro certainly play the big part here.

    There is a lot of things that can affect price, TA is just to help in small way. Fundamentals and macro normally are the main driver.
    For mining/exploration companies in general, valuation alone often doesn't make much sense, when they don't even produce anything, NXG for example. lots of speculation, but this is where the big money is made... hope and uncertainties.
    anyway $2b valuation for a cashed up company with big assets have certainly caught my attention. will it go lower? nobody knows. from TA, it looks like price is still trying to find bottom. either you catch it right or you bleed..

    stocks everywhere are always manipulated, this is how the system works. Asking myself if I am Gina, what would i do with a lithium company these days? I would certainly invest... there is a possibility that she is behind all this, but who knows? instead of focusing on what price Gina would offer this company.. I would rather focus on the other 80%.. lots of shares have changed hands recently, common cause of price fluctuations, uncertaintly.. can be a good entry point. small money to be made here


 
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