LTR 3.90% 74.0¢ liontown resources limited

New TA/Charting, page-15053

  1. 1,917 Posts.
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    I used the 5 min as my reference point after noting all the work done around $1.50 over the previous 3 years on the weekly shown below. Busy Tue and missed the $1.50+ top. The 5 min Wed clearly showed declining highs over several days. I managed to get $1.47 then.
    Whilst not necessarily looking to trade, signals are clear here atm.
    Looking like a short term double top and let’s see what today brings.

    The above has nothing to do with my thoughts around this great company and everything to do with my thoughts around the stock.
    Note all the work around $1.50 on the below weekly. Once we push thru that $1.70-$1.80 current target will happen pretty quickly imo.
    https://hotcopper.com.au/data/attachments/6194/6194216-3e379b76c0682f01e554337fe60f12cd.jpg

 
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