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85.0¢ liontown resources limited

Even though you see it coming, on a day like today I hate it to...

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FlashPoint

6,271 Posts.

2220

09/09/21

17:27

Post #: 55953351
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Originally posted by FlashPoint: ↑

Hmm, I probably won't get any brownie points for this, but hey reality is what counts.
After reaching my $1.168 target, it now looks as if the high for this wave is in and that the pullback foreshadowed is actually taking place. So the question is, if correct where will we find the next low or should I say the next higher low be?
I thinking a relatively shallow retrace could do the trick here. So as indicated before the logical thing would be to back test the Re-Accumulation breakout line at $1.03. Fibonacci would suggest about $1.045 or even a test of the magic $1 mark.
However as I mentioned before the next low IMCO is simply the starting point for the next leg up. So in reality I'm looking forward to that point in time, because it will allow for further projections towards any future targets within wave iii up and 5 up for (5) up.

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Even though you see it coming, on a day like today I hate it to be correct!
Here is my trusty 2 hour chart again ...

My above comments from earlier today in regards to wave ii down and wave iii up are still valid though.

Last edited by FlashPoint: 09/09/21

LTR Price at posting: $1.06 Sentiment: Buy Disclosure: Held
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0 Great analysis

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(20min delay)
Last 85.0¢		Change -0.030(3.41%)		Mkt cap ! $2.061B

Open	High	Low	Value	Volume
88.0¢	88.5¢	85.0¢	$9.549M	11.08M

Buyers (Bids)

No.	Vol.	Price($)
46	599201	85.0¢

Sellers (Offers)

Price($)	Vol.	No.
86.0¢	100953	8

View Market Depth

No.	Vol.	Price($)
44	594701	0.850
16	328881	0.845
22	152375	0.840
17	63861	0.835
30	144829	0.830

Price($)	Vol.	No.
0.860	100953	8
0.865	28000	3
0.870	70910	4
0.875	1701	1
0.880	212241	8

Last trade - 16.10pm 08/08/2024 (20 minute delay)

LTR (ASX) Chart