I agree that the set up now looks great, but any enthusiasm for a quick rise in the price needs to be tempered by the timing issues that are against us up to end of June. We are approaching the period where there is often volatility in markets..."sell in May and go away" which coincides with the US summer holiday season upcoming when traders there clear their books. That creates volatility. We also have markets at all time highs and some commentators reasoning there could be a significant correction. There is also period in May/June where tax loss selling is often occurring as investors manage their tax positions. Unfortunately LTR has suffered a big fall in price this financial year which will potentially affect us.
These weigh on the upside potential and is a reason imo why any short sellers are holding their shorts hoping the good news flow might be overwhelmed by the other predictable events. I'm not saying doom and gloom, just trying to keep it real and share my thoughts. I am sitting tight through these potential volatilities and when we come out after 30 June I think blue skies will be ahead.
regards
DF
- Forums
- Charts
- New TA/Charting
I agree that the set up now looks great, but any enthusiasm for...
- There are more pages in this discussion • 353 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add LTR (ASX) to my watchlist
(20min delay)
|
|||||
Last
$1.33 |
Change
0.050(3.91%) |
Mkt cap ! $3.224B |
Open | High | Low | Value | Volume |
$1.27 | $1.33 | $1.27 | $9.997M | 7.627M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 22998 | $1.33 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.33 | 199185 | 23 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 37576 | 1.320 |
2 | 102926 | 1.315 |
6 | 36811 | 1.310 |
5 | 146882 | 1.305 |
6 | 173962 | 1.300 |
Price($) | Vol. | No. |
---|---|---|
1.330 | 198433 | 22 |
1.335 | 136661 | 4 |
1.340 | 198180 | 12 |
1.345 | 104897 | 4 |
1.350 | 245227 | 19 |
Last trade - 16.10pm 08/05/2024 (20 minute delay) ? |
|
|||||
Last
$1.32 |
  |
Change
0.050 ( 3.35 %) |
|||
Open | High | Low | Volume | ||
$1.27 | $1.32 | $1.27 | 1659246 | ||
Last updated 15.59pm 08/05/2024 ? |
Featured News
LTR (ASX) Chart |
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online