LRS CHART THREAD

[Winenut]

I'll take that

 

[rocco]

View attachment 38623

I'll take that

Go LRS! Thanks @Winenut for posting and thanks to @beishi i bought a small parcel last year around the 6 cent mark after reading some of your posts! Solid contributor to TSE, thanks

 

[Winenut]

She's on a tear with the Salinas Lithium Corridor announcement!!

 

[DiscoDanNZ]

She's on a tear with the Salinas Lithium Corridor announcement!!

Been tapping and f5ing commsec every chance I got at work today.

Finally some excitement in something I hold. Bring on the close.

 

[ThePasta]

Any chartist have an update for this?

 

[lellep]

Any chartist have an update for this?

What does the guru @BEISHA think?

 

[BEISHA]

What does the guru @BEISHA think?

Hello my young friend, how are you going ?

LRS has had a sensational run, but what more does it have to give ?

I reckon its completed 5 waves and we all know what comes after that dont we ?

RSI 14 is 87 on the WEEKLY chart which is huge.

MACD is sky high.

A look at the DAILY chart..

Is that a ABC correction forming up top ?

MACD histogram looks to have peaked.

RSI 14 trend is still intact, but if it drops below the yellow line and SP drops below the 8 ema, that could be the pre cursor for sub wave 2 down.

MACRO was negative on Friday night.

My thoughts based on all that is that LRS has peaked, but need confirmation.

I sold out my remaining position at 29.

As always, just my opinion, i aint a guru, been wrong many times and no one is perfect in this caper as markets have a mind of their own.

 

[Winenut]

LRS has just touched 40c today

I'm just letting it run and see where it goes

Probably should sell a bit and let the rest free carry but I'm happy with the risk level so will be continuing the ride

Cheers

 

[DiscoDanNZ]

LRS has just touched 40c today

I'm just letting it run and see where it goes

Probably should sell a bit and let the rest free carry but I'm happy with the risk level so will be continuing the ride

Cheers

Yeah was a surprise when I opened it this afternoon. I'm in the same boat and nearly sold a few around 38c but I don't have enough skin in it to only sell some and free carry the rest as well as pay the ATO CGT on it.

Gonna see where this goes!

Edit: what was that trade after the auction to put it up to 41.5?

 

[Winenut]

Yeah was a surprise when I opened it this afternoon. I'm in the same boat and nearly sold a few around 38c but I don't have enough skin in it to only sell some and free carry the rest as well as pay the ATO CGT on it.

Gonna see where this goes!

Edit: what was that trade after the auction to put it up to 41.5?

Cboe (formerly Chi-X) trade as per below

I assume they didn't like the Chi-X name because it sounds like......Chynah

 

[DiscoDanNZ]

Could this rocket today?

 

[lellep]

@BEISHA How is it looking now?

 

[Winenut]

Somethings going on

More than 35% SP increase today

Buyers everywhere 7:1 ratio

Interesting