LTR 5.00% 94.5¢ liontown resources limited

New TA/Charting, page-7318

  1. 6,271 Posts.
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    I'm not sure about you guys, but I'm quite happy with LTR's performance getting close to the next level of Resistance at $1.51 - 1.52. That's also where the centre line of the falling pink channel is situated.
    Once again the lower channel line (Demand Line) was tested, but SP again bounced of that. RSI, Stochastic and MACD are rising and have plenty of room to move up The DMI is also looking to look positive and I guess I could find a bunch of other early indicators to support this view. The 50 EMA at about $1.55 and closing above it is the next aim. There is a combination of 2 more indicators, which I consider as important, which also looking ready for the ST uptrend to continue!
    Anyway here is my updated daily chart with some Fib levels to indicate possible targets over time...
    https://hotcopper.com.au/data/attachments/4070/4070988-17c3549c5b5211becb96eb82f8e1eebd.jpg

 
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