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a close of 1.21 would be Dandy :) Prosperous Trading TesterWa

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TesterWA

5,418 Posts.

58

04/04/24

11:57

Post #: 73185543
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Originally posted by dynofish: ↑

I agree that the set up now looks great, but any enthusiasm for a quick rise in the price needs to be tempered by the timing issues that are against us up to end of June. We are approaching the period where there is often volatility in markets..."sell in May and go away" which coincides with the US summer holiday season upcoming when traders there clear their books. That creates volatility. We also have markets at all time highs and some commentators reasoning there could be a significant correction. There is also period in May/June where tax loss selling is often occurring as investors manage their tax positions. Unfortunately LTR has suffered a big fall in price this financial year which will potentially affect us.

These weigh on the upside potential and is a reason imo why any short sellers are holding their shorts hoping the good news flow might be overwhelmed by the other predictable events. I'm not saying doom and gloom, just trying to keep it real and share my thoughts. I am sitting tight through these potential volatilities and when we come out after 30 June I think blue skies will be ahead.

regards
DF

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a close of 1.21 would be Dandy Prosperous Trading TesterWa

LTR Price at posting: $1.22 Sentiment: Buy Disclosure: Held
3 Upvote

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(20min delay)
Last $1.33		Change 0.033(2.50%)		Mkt cap ! $3.218B

Open	High	Low	Value	Volume
$1.31	$1.34	$1.31	$3.013M	2.270M

Buyers (Bids)

No.	Vol.	Price($)
30	87116	$1.33

Sellers (Offers)

Price($)	Vol.	No.
$1.34	97399	55

View Market Depth

No.	Vol.	Price($)
24	89684	1.330
23	93369	1.325
22	165746	1.320
8	122552	1.315
15	376865	1.310

Price($)	Vol.	No.
1.335	94551	51
1.340	118432	25
1.345	149216	17
1.350	72964	12
1.355	40000	3

Last trade - 14.20pm 03/06/2024 (20 minute delay)


Last $1.34			Change 0.033 ( 2.71 %)
Open	High		Low	Volume
$1.31	$1.34		$1.31	820691
Last updated 14.39pm 03/06/2024 ?

LTR (ASX) Chart