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5.39%

79.0¢ liontown resources limited

Thanks but why?

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Rooster100

257 Posts.

491

13/05/22

01:11

Post #: 61380408
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Originally posted by lellep: ↑

Hello LTR Charting. This is the TA that I have also posted under the name LTR CHART 1 on Trading View’s community platform from my account (lellep). I am currently taking an online class from a master chartist with many years of experience. Here is my chart of ASX: LTR.

Currently the chart is looking bearish like many other stocks.
Here are the main bearish signals:

The 5ema has dropped below the 20 SMA (purple line).
The 30ema/50 ema are also sloping towards a bearish downtrend movement.
The very important support line at the 1,34 level has been broken (it was strong support 3 times before). Which leads to no support until the 92C level.
The RSI 14 is also in a clear freefall. It needs to go above 50 if a reversal in trend is to occur.

Conclusion:
This stock is IMO a sell at the current predicament until the RSI 14 stabilizes and global markets cool down.

This is not financial advice, only my opinion.

“The point of forecasting isn't to tick the boxes on the ‘how to make forecasts’ checklist. It is to foresee what’s coming.”

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Thanks but why?

LTR Price at posting: $1.16 Sentiment: None Disclosure: Not Held
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(20min delay)
Last 79.0¢		Change -0.045(5.39%)		Mkt cap ! $1.915B

Open	High	Low	Value	Volume
83.0¢	83.0¢	78.5¢	$12.14M	15.14M

Buyers (Bids)

No.	Vol.	Price($)
5	66493	79.0¢

Sellers (Offers)

Price($)	Vol.	No.
79.5¢	86000	4

View Market Depth

No.	Vol.	Price($)
5	66493	0.790
14	588431	0.785
33	525917	0.780
9	1163780	0.775
17	410672	0.770

Price($)	Vol.	No.
0.795	20000	2
0.800	42561	6
0.805	20000	1
0.810	155511	6
0.815	28211	3

Last trade - 16.10pm 09/10/2024 (20 minute delay)

LTR (ASX) Chart

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