@slickInteresting to see your interest in LTR.
RE your chart and what you said:
"And finally, here's your all important weekly chart (for loooongs).Kind of displays the move best."
Thanks for your opinions from a trader's perspective.
Yes most of here are looooongs.
But we also know how to read the charts. Yes there are two candlesticks (weekly) with same body length.
But what about the volume?I'm sure you know very well as a trader and chartist that the
volume is the main factor. ( I know even the volume can be manipulated
but not in the weekly chart. Let's give 1m shares to each trader. They can sell it to each other whole day 20 times and create 20m volume which actually is one tenth of real volume).
You can see the volume of green candle is double of the red candle. That represents the amount of stock accumulated or held in the same price range (up and down). And we know from the broker reports that GS and Citi are the holders of that surplus volume.
Also I can see the accumulation from the Chakin Money Flow indicator at the bottom that
LTR is being accumulated.
While the price goes down the indicators goes up. That's the divergence and indicates a accumulation.
Anyway, I don't like to make comments on charts but I just wanted to show the fact here because it's related to the fundamental analysis.
This was not a pure P&D even though there was some dynamics of P&D opportunists and traders in that period.It was result of an anxiety which the shorters have had.As we all know, and as everyone in the market knows that
LTR is a takeover target especially in the current circumstances when the lithium price is very low. It's high probability that LTR might get a takeover offer in different forms at any time. It might be rejected or accepted, or it might be official or unofficial. That a different story. I only rely on the company announcements.
Our topic here is anxiety of traders and shorter due to that situation.Being a takeover target should always be kept in mind and never be underestimated by traders, shorters and investors while trading this stock. It's the reason that that high ratio of fluctuation can be be seen again as you too said.
(CXA volume is not included in this chart but it's not much. It can be seen on your chart above)
(20min delay)