LTR 1.59% 93.0¢ liontown resources limited

New TA/Charting, page-5580

  1. 6,271 Posts.
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    Sure the overall market sentiment can have an influence and increase the number of weak hands willing to part with there LTR shares playing right into the SM hands holding LTR below a dollar.
    Personally I saw the low in the DOW last night closing a small gap, but then I also saw the rise from there.
    I think it is important to look at the bigger market picture and where the overall trend is heading. I have posted a few DOW charts here to show just that from the Smart Money point of view, with Re-Accumulation, Spring and even a SOS - Sign of Strength. However as you can see on the following chart there is a question mark, because the DOW has run out of wriggle room, as it is wedged in between the upper rising channel line and the rising trend line. So it will be very interesting to see how the current situation is resolved and what it means for the uptrend.

    https://hotcopper.com.au/data/attachments/3478/3478692-c621ccdd90f0646cdfc337c51e95c7f0.jpg


 
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