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1.69%

$1.16 liontown resources limited

Here is the updated daily chart to the above interpretation…

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FlashPoint

6,271 Posts.

2220

03/04/24

20:05

Post #: 73175288
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Originally posted by FlashPoint: ↑

I guess it is all give and take, however a Cup & Handle patter forming within a day or two seems like pushing it a bit, when normally the pattern's formation may be as short as seven weeks or as long as 65 weeks. So maybe reconsider that one … https://www.investopedia.com/terms/c/cupandhandle.asp

Today’s CS looks similar to a bullish Hammer, even though the shadow for my liking could be a bit longer. Anyway today’s price action does represent what usually does happen with in a Hammer CS. So let’s see if we get a bullish confirmation tomorrow. Price action today also created an equal low at $1.20 and then it bounced, so I’m thinking bullish Tweezers Bottom. So again we want to see a bullish continuation on that one.
Other then that the body of today’s CS finished up within the rising channel that started at the 87.5c low. If I’m interpreting the above correctly, I would suggest the wave (i) and (ii) of wave i of wave 3 have finished and that wave (iii) of wave I if wave 3 will start tomorrow if it didn’t already. So in short I’m looking forward to tomorrow in order to see a bullish confirmation and with that a rising SP!

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Here is the updated daily chart to the above interpretation…

LTR Price at posting: $1.15 Sentiment: Buy Disclosure: Held
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(20min delay)
Last $1.16		Change -0.020(1.69%)		Mkt cap ! $2.812B

Open	High	Low	Value	Volume
$1.19	$1.19	$1.16	$15.36M	13.12M

Buyers (Bids)

No.	Vol.	Price($)
18	147576	$1.16

Sellers (Offers)

Price($)	Vol.	No.
$1.17	85567	3

View Market Depth

No.	Vol.	Price($)
18	147576	1.160
22	407130	1.155
57	541893	1.150
10	203028	1.145
15	146468	1.140

Price($)	Vol.	No.
1.165	2000	1
1.170	40000	2
1.175	104091	4
1.180	127354	4
1.185	65354	1

Last trade - 16.10pm 07/06/2024 (20 minute delay)


Last $1.16			Change -0.020 ( 2.13 %)
Open	High		Low	Volume
$1.19	$1.19		$1.16	2578713
Last updated 15.59pm 07/06/2024 ?

LTR (ASX) Chart