LTR 4.35% 77.0¢ liontown resources limited

New TA/Charting, page-9518

  1. 6,271 Posts.
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    "cup alas is not worthy of mentioning as a potential cup as it does not meet the criteria as it has not pulled back"
    I'd like to differ, because IMCO we are looking at the possibility of cup within cups, which can be traded one by one or in their entirety https://hotcopper.com.au/data/attachments/4601/4601851-1dbe3e5fc758c69e03b64310a433c3bf.jpg

    In the LTR case I see the situation as follows ...
    https://hotcopper.com.au/data/attachments/4601/4601853-cc9c33a8ea756a1b41836dad4dc9f1e4.jpg
    Today's low tested the target of the RISTRETTO C&H and so far bounced nicely of it. This leaves the rest of the CAPPUCCINO NORMALE handle still to be completed in order to confirm the chart pattern and eventually lead to the breakout and possibly to reach its target, which could be as high as $2.70 over time!
    If after that LTR holders are to get the taste of a CAPPUCCINO GRANDE is another question all together!

    Personally I'm not hooked on chart patterns, however I see them as something that may play out!
    Last edited by FlashPoint: 17/08/22
 
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