I started watching LTR closely on 9 May because I believe its strong upsurge would affect PLS which I hold. And this is just to share my reading (which can be wrong) of what has been happening with LTR.
The strongest indication from the chart is that BEOT has launched a major profit taking operation on LTR, which as always involves pump and dump. The first big dump was last Friday during the closing auction: about 50 million shares. This looks very much like the early phase of Wyckoff's Distribution. And usually after a pullback from the Buying Climax, the sp will be pumped up higher than the high of the Buying Climax for an Upthrust, and sometimes (not always) after that an UTAD (upthrust after distribution).
LTR Price at posting:
68.0¢ Sentiment: None Disclosure: Not Held
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