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LTR

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2.89%

$1.25 liontown resources limited

Here is the updated daily chart to the above interpretation…

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FlashPoint

6,260 Posts.

2216

03/04/24

20:05

Post #: 73175288
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Originally posted by FlashPoint: ↑

I guess it is all give and take, however a Cup & Handle patter forming within a day or two seems like pushing it a bit, when normally the pattern's formation may be as short as seven weeks or as long as 65 weeks. So maybe reconsider that one … https://www.investopedia.com/terms/c/cupandhandle.asp

Today’s CS looks similar to a bullish Hammer, even though the shadow for my liking could be a bit longer. Anyway today’s price action does represent what usually does happen with in a Hammer CS. So let’s see if we get a bullish confirmation tomorrow. Price action today also created an equal low at $1.20 and then it bounced, so I’m thinking bullish Tweezers Bottom. So again we want to see a bullish continuation on that one.
Other then that the body of today’s CS finished up within the rising channel that started at the 87.5c low. If I’m interpreting the above correctly, I would suggest the wave (i) and (ii) of wave i of wave 3 have finished and that wave (iii) of wave I if wave 3 will start tomorrow if it didn’t already. So in short I’m looking forward to tomorrow in order to see a bullish confirmation and with that a rising SP!

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Here is the updated daily chart to the above interpretation…

LTR Price at posting: $1.15 Sentiment: Buy Disclosure: Held
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(20min delay)
Last $1.25		Change 0.035(2.89%)		Mkt cap ! $3.030B

Open	High	Low	Value	Volume
$1.25	$1.29	$1.24	$13.71M	10.85M

Buyers (Bids)

No.	Vol.	Price($)
16	56127	$1.25

Sellers (Offers)

Price($)	Vol.	No.
$1.25	55660	38

View Market Depth

No.	Vol.	Price($)
29	277912	1.240
11	222340	1.235
14	317902	1.230
4	289703	1.225
7	459202	1.220

Price($)	Vol.	No.
1.245	17879	19
1.250	55872	29
1.255	79991	10
1.260	84960	10
1.265	207515	11

Last trade - 14.44pm 30/04/2024 (20 minute delay)


Last $1.24			Change 0.035 ( 3.71 %)
Open	High		Low	Volume
$1.25	$1.29		$1.24	2676471
Last updated 15.02pm 30/04/2024 ?

LTR (ASX) Chart