LTR 2.99% 65.0¢ liontown resources limited

From the 20/10 when breaking above the $1.655 level, there has...

  1. 257 Posts.
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    From the 20/10 when breaking above the $1.655 level, there has been a lot of low to mid closes on a little bit of extra volume- showing some supply being drawn out. But the selling has not yet followed through to produce a "decent" pullback and price has kept grinding higher - suggesting demand absorbing supply.

    And yesterday we saw much higher volume and a very low close, showing obvious supply being drawn out, and the first time in a while where my momentum indicators "cooled off" a bit. But it was also the 9th day in a row where price equalled or hit a new ATH. So far today's low volume bounce suggests selling is not following through again and there's plenty of willing demand. However today could be the first time in a couple of weeks where an ATH is not hit - how super bearish is that?!!! rolleyes.png

    Below is a daily with a few thoughts on potential support levels for a few scenarios for anyone interested...

    https://hotcopper.com.au/data/attachments/3750/3750444-2adbfd39424fc6182349e01f8db3d6ac.jpg


 
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