LTR 0.60% 84.0¢ liontown resources limited

New TA/Charting, page-15087

  1. 1,940 Posts.
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    Further to my comment about volume @chaddy36
    Today’s 15m chart.

    Of note:https://hotcopper.com.au/data/attachments/6204/6204352-3f7f6ee504054797571ac9b37a3bec67.jpg
    Flat opening and tight trading range $1.355/1.36, on no volume until 1 pm.
    Incoming squeeze at 1.30pm with nice green candle on 400k+ volume.
    I bought at $1.365 on those two indicators.
    The squeeze played out nicely after 3pm with a nice bullish hammer on decent volume 3:15pm.
    Price topped out confidently at $1.375 but eased at the close waiting for the Bollies to catch up.

    Pros would use a few more signal indicators to buy but (relative) volume is always a great guide, (1.30pm, 3.15pm today)
    Let’s see what tomorrow brings




 
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