LTR 3.91% $1.33 liontown resources limited

Thanks for asking! Seeing that it is time for the weekly chart...

  1. 6,271 Posts.
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    Thanks for asking! Seeing that it is time for the weekly chart to be updated, your request prompted me to have another look at my overall wave count, do some measuring and check my work so far. Finding that LTR seems to have retraced by about 61.8% of the overall trend since the low of March 2019, I may have to revise the last bit and call it wave (5) after all, but I'm busy working on that and don't want to jump to conclusions just yet.

    Sorry I will need a little more time to work through that, however I can say that if I will have to revise that bit it does fill me with positivity for the longer term future outlook, because wave (5) and more so the following correction of the entire trend, did scare me somewhat.

    In any case here is the updated weekly chart so far, which shows the current low and the possible break of trend anyway. I already marked the 61.8% retrace/correction and the possible conclusion with the possible inclusion of wave (5)? followed by the correction, but no future outlook at this stage.
    https://hotcopper.com.au/data/attachments/5824/5824351-7d6d30b4fa835804b7f3c3e6031d9e8d.jpg


 
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