LRS CHART THREAD

[BEISHA]

Any update Beisha? Broke 11.5 up to 12 but closed back at 11.5

Hi Costi

Combination of a strong MACRO and another piece of good news today has given LRS another leg up, super strong trend this one, spewing i sold off some of my holdings !

So looking at the hourly chart , considering this latest movement, i see the gap getting filled as it has blown the upper bollie band and will likely find support around the 61/50 fib support area ( 11.5 / 11.22 ) then minor sub 5 wave up to follow , with a final target for this run at around 17c.

Once sub wave 4 down finds its resting place, i will top up my holdings as there is potentially another 50% run on the cards

Thats how i see it, largely depends on the MACRO, as i see some head winds and more good news following on from today.

Time will tell

imo,imo

 

[Costi]

Hi Costi

View attachment 14258

Combination of a strong MACRO and another piece of good news today has given LRS another leg up, super strong trend this one, spewing i sold off some of my holdings !

So looking at the hourly chart , considering this latest movement, i see the gap getting filled as it has blown the upper bollie band and will likely find support around the 61/50 fib support area ( 11.5 / 11.22 ) then minor sub 5 wave up to follow , with a final target for this run at around 17c.

Once sub wave 4 down finds its resting place, i will top up my holdings as there is potentially another 50% run on the cards

Thats how i see it, largely depends on the MACRO, as i see some head winds and more good news following on from today.

Time will tell

imo,imo

Looks solid man! Great announcement today. Looks like we closed the gap today and finished 12.5 so hopefully we get a nice continuation to your wave 5 target!

 

[BEISHA]

@gex , @Bernster , @Costi , @lellep

Given the DOW had a whopping dump on Friday night.........

PLUS

The Global X as well........with more to come most likely .......


LRS DAILY CHART

There is a high probability that LRS SP could hit either the 50/61 ( 10.19 / 9.15 ) fib support.....me thinks.

So if you have spare cash, then thats a very juicy top up area.....for the next leg up.

With ASN filling my boots this week, i have plenty of spare cash for such an outcome......


imo, imo, imo

 

[BEISHA]

@gex , @Bernster , @Costi , @lellep

Despite the MACRO being rather bearish lately, LRS SP has held up very well, briefly touching 10.5c but in the main, appearing as tho a base is forming around 11c.

All the EMAs appear to be flattening out and encouragingly, the RSI 14 indicator flattening out just above 50 support......which is where you want it to be in preparation for the next leg up which is minor wave 5 up.

For minor wave 5 up to be confirmed, SP needs to break the strong resistance at the 23 fib ( 12.5c ).....achieve that, then very little resistance until 18c

LRS will need decent news in which to achieve that , especially as the MACRO is still very much bearish atm.

imo

LRS

 

[BEISHA]

@gex , @Bernster , @Costi , @lellep

Get ready for the next leg up boys and girls..........

LRS looks primed to break the 23 fib 12.5c resistance, RSI 14 indicator has found nice support at 50 and rising, all the emas rising too..........tick, tick, tick

MACRO is rising too......

Dow jones was up 377 pts on Friday night.......minor sub wave 5 up looks to be activated.

Same scenario as per the GLOBAL X too.........

Just need some more positive news and a perfect storm is brewing for LRS.

imo, imo

 

[ThePasta]

What’s the outlook B dizzle!?

 

[BEISHA]

What’s the outlook B dizzle!?

@lellep , @Costi , @gex , @Bernster


Sorry, been a while since my last chart...........

LRS performance is as boring as bat shit , but, trend is still our friend.

Very strong support @ 10.5, trend of the RSI 14 is looking very promising , basing at 50 and looking to rise.

Things will get alot more interesting once the 50 fib resistance ( 12.75 ) gets busted to the upside.

A bit of a close up view, blu bubble showing HEIKEN ASHI going green with tail up and grinding above the 5, 9, 18, 30 ema, with a bit of extra volume too ( yellow arrow ).............so could be heating up.

MRE is due Q4 2022, i have a 1.618 target of 22c, if the news is good.

Could be a nice Xmas.


imo

 

[ThePasta]

Thanks!

 

[BEISHA]

@ThePasta ,@Costi , @Bernster , @lellep , @gex

LRS had a big break thru this week, even tho the SP doesnt really reflect that fact.

Pink bubble illustrating SP breaking the strong resistance at 12, followed thru and reached resistance at 14.5 , broke the upper bollie band by some way, now back testing the 12c support line which was resistance .....above average volume playing out, suggesting that punters are wanting to take positions prior to the MRE announcement which is due Q4 2022.

RSI 14 perfectly placed just above the 50

SP nicely placed within the BB once again.

Not alot of resistance up above, a break of the minor resistance @ 14.5 should see the SP quickly go to 18c, then just a small amount of resistance at 20, then its " blue sky mining "

Its all about the MRE, should be a good one, i have a sub wave 5 up target of 22+c.


imo

 

[gex]

Getting very interesting

 

[Winenut]

There is some really good volume with LRS at the moment

Has steadily moved up from that sub 10c position at the beggining of the year

Hopefully the upward SP trend and volume continues

 

[Winenut]

Well we're now in late April and LRS has continued to move up and now looks like breaking through 13.5c

Plenty of support on the buy side (approx 35M buy to 13M sell)

Hopefully she keeps moving in the right direction and there's some good announcements to push the FA narrative

 

[gex]

Well we're now in late April and LRS has continued to move up and now looks like breaking through 13.5c

Plenty of support on the buy side (approx 35M buy to 13M sell)

Hopefully she keeps moving in the right direction and there's some good announcements to push the FA narrative

She bounces around a lot by I have high hopes on this one LTH

 

[Winenut]

Here we are mid May and it's pushing 17c

The market seems to like how things are developing and the content of the recently released company presentation

Go you good thing LRS!

 

[gex]

 

[Winenut]

It's a cracker isn't it

Sigma 2.0....I'd be happy with that!

 

[BEISHA]

It's a cracker isn't it

Sigma 2.0....I'd be happy with that!

Nice video, very positive, mineral resource upgrade in June, Rio lurking in the background, potential TO of not only SIGMA but LRS too.

@Cashcity

DAILY CHART

Well, finally broken that strong resistance zone 12 / 14,5 to the upside, now how much more can it rise on this current run ?

RSI 14 is now nearly 79.........over bought territory , has gone as high as 97.

MACD......still looking the goods.

My feeling is it might hit 18 resistance then back test the strong resistance zone which would ultimately act as a strong support zone.

HOURLY CHART

By my wave count on the hourly chart, 5 waves complete, triple top 17, is there one last gasp ?

All indicators OB.

The histogram on the MACD looks topped.

MACRO was slightly negative Friday night, altho lithium spot price rose again.

See what happens come next week.


imo

 

[CashKing]

Nice video, very positive, mineral resource upgrade in June, Rio lurking in the background, potential TO of not only SIGMA but LRS too.

@Cashcity

DAILY CHART

View attachment 36367

Well, finally broken that strong resistance zone 12 / 14,5 to the upside, now how much more can it rise on this current run ?

RSI 14 is now nearly 79.........over bought territory , has gone as high as 97.

MACD......still looking the goods.

My feeling is it might hit 18 resistance then back test the strong resistance zone which would ultimately act as a strong support zone.

HOURLY CHART


View attachment 36368

By my wave count on the hourly chart, 5 waves complete, triple top 17, is there one last gasp ?

All indicators OB.

The histogram on the MACD looks topped.

MACRO was slightly negative Friday night, altho lithium spot price rose again.

See what happens come next week.


imo

Nice one mate cheers . After my original 14.5c purchase price Then held as it went down to the 9.7c ish mark if I recall correctly I sold out at 16.5c on Friday’s action. Got my cash back plus made a bit so I’m happy with that.

Hopefully a few good trading opportunities have opened for LRS while I wait for some others to come good also..

Note to self: Do Not Fall In Love with LRS

Cheers all.. Ohh and typical now I’ve sold it’ll probably go up 100000% on Monday

Thank me later dudes

 

[Winenut]

LRS continuing to move forward

That resource upgrade is not far away and all indications and announcements from management are that it's looking good and should be coming in on time

 

[Winenut]

Trading Halt for the resource update

Hopefully it's a cracker

We'll know by Tuesday next week