DISCLAMER: This is not investing advice
Long term holder of LIT
As a holder I have found little to no analysis on
LIT
on tradeview, so I thought id share a few thoughts and start a discussion about the stock.
LIT
has found a strong support field between 0.110 and 0.120, for the last few months.
Stock has been performing well from a fundamental analysis stand point and just needs a positive catalyst to get things moving.
we usually see some small upside movement at the announcement of positive news however the stock ultimately falls back to its comfort zone between 0.110 and 0.120.
In my opinion we need to see a drop to 0.100 and the confirmation of projects to go forward in the later half of 202, before true growth can occur.
Long term holder of LIT
As a holder I have found little to no analysis on
LIT
on tradeview, so I thought id share a few thoughts and start a discussion about the stock.
LIT
has found a strong support field between 0.110 and 0.120, for the last few months. Stock has been performing well from a fundamental analysis stand point and just needs a positive catalyst to get things moving.
we usually see some small upside movement at the announcement of positive news however the stock ultimately falls back to its comfort zone between 0.110 and 0.120.
In my opinion we need to see a drop to 0.100 and the confirmation of projects to go forward in the later half of 202, before true growth can occur.
Comment:
Now the 0.100 target has been met a strong push through the previous support area (0.110-0.120) is needed before further growth can continue.