LTR 1.55% 95.5¢ liontown resources limited

New TA/Charting, page-7583

  1. 6,271 Posts.
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    Yes that was a good advance today and better still a nice close at $1.52 just above that band of resistance. Possible backtested tomorrow, but then I looking for $1.56 at Fib 100% extension next and on to Fib 161.8% at $1.665 over time.

    Well there is still the CR price at $1.65 and those TL, which need to be challenged and overcome. The first one is the old lower channel line which started at 5.3c, so I would see it as positive to re-enter that channel. If the second one would be broken it IMCO basically would confirm that the St
    epping Stone Re-Accumulation is coming to an end and that LTR in line with FA announcements still to be released, is on its way again not to just close the above gap, but also to looking for new ATH.

    However even though it is good to have a look and plan ahead of what’s to come, let’s not get carried away and take one step at a time, because with these uncertain times we also have to take the bigger picture into consideration.
    https://hotcopper.com.au/data/attachments/4130/4130717-41eb76c9111ae235326b73d64b1c1572.jpg
 
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