Australia's largest stock trading and investment forum Australia's #1 stock forum

LTR

Click for more information

1.01%

$1.51 liontown resources limited

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

First 14598 Last

Share
Profile

Follow
TesterWA

5,297 Posts.

57

04/04/24

11:57

Post #: 73185543
Share

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

Expand

a close of 1.21 would be Dandy Prosperous Trading TesterWa

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

0 Great analysis

Reply

There are more pages in this discussion • 439 more messages in this thread...

First 14598 Last

Add LTR (ASX) to my watchlist

(20min delay)
Last $1.51		Change 0.015(1.01%)		Mkt cap ! $3.612B

Open	High	Low	Value	Volume
$1.49	$1.52	$1.49	$363.9K	243.1K

Buyers (Bids)

No.	Vol.	Price($)
5	18260	$1.50

Sellers (Offers)

Price($)	Vol.	No.
$1.51	34201	6

View Market Depth

No.	Vol.	Price($)
8	40939	1.560
1	29	1.545
1	1396	1.520
1	1	1.515
1	159	1.510

Price($)	Vol.	No.
1.420	5762	2
1.450	149	2
1.465	1109	1
1.480	35607	3
1.490	32681	9

Last trade - 10.06am 21/05/2024 (20 minute delay)


Last $1.48			Change 0.015 ( 0.36 %)
Open	High		Low	Volume
$1.51	$1.51		$1.47	184725
Last updated 10.26am 21/05/2024 ?

LTR (ASX) Chart