LTR 5.70% 83.5¢ liontown resources limited

New TA/Charting, page-1638

  1. 2,588 Posts.
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    Sounds tempting, however let's not forget the 9c support, which I mentioned before as well as the 150 EMA (green line), which came to the rescue/support at 8.1c and has been steadily rising since. So will we have another bounce? While I'm at it the lower BB is also running currently at 9.04c, so there is another reason why SP may bounce, at least from the technical point of view.
    In case 9c doesn't hold the next support level down is 8.6c and before we start looking at a DB at 8.1c there is still the 200 EMA (red line), which would be meeting SP at about 8.4c. So let's see what's going to happen tomorrow!
    https://hotcopper.com.au/data/attachments/1826/1826321-d3b400ff77240d386d030b7f2e073d4b.jpg

 
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