LTR 1.15% 8.8¢ liontown resources limited

1) agree I can see the pennant formation. 2) expected great news...

  1. 773 Posts.
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    1) agree I can see the pennant formation.
    2) expected great news doesn’t always send a price up. Only if it exceeds market expectations. See all the banks go up after the royal commission tore them a new one. Market presumed worse
    3) yes it was 20c - 3 years ago upon the peak of exploration results before retracing back to 10c. My comparison was in regards to the stage of the life cycle and commenting of what occurs in 9/10 exploration mobs as they transition from explorer through to producer.
    4) I acknowledged that LTR was the best long term lithium play and would subsequently out value AJM when/if at an equivalent stage of asset
    5) due to my own personal professional circumstances I was unable to invest LTR. There are people that view/know the results before it’s announced to market.

    not here to bicker. Just to post some charts, congratulate the longs and watch the story unfold.
    feel free to tag me for further discussion when you’ve de-mounted from your high horse.

    another example of the Fibonacci retrace for a fast rising stock. LTR couple years ago.
    definitely could have some more legs, hence the comment that breaking through 9.3 would probably set it in the 10’s. It does look like it needs a breather. Hopefully for the longs a sideways consolidation

    i’d Buy on that resistance line (now support) tight stop loss - Same again on the 5.5-5.6c



    https://hotcopper.com.au/data/attachments/1552/1552352-bed885aca27f5371af27b7bd4543d17b.jpg


    SF2TH
 
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