Get started
Lotus Resources LimitedLotus Resources LimitedLotus Resources Limited

Lotus Resources Limited

No trades
See on Supercharts
OverviewFinancialsNewsDocumentsIdeasDiscussionsTechnicalsForecastSeasonalsETFs

LOT trade ideas

LOT @ 21 OCT 2021Text me if you have any questions/comments for me. ----- LOT - First time doing a written analysis on LOT - In a weekly chart (as shown), stock does show some signs of uptrends since the Covid crash - As a mid-term trader, a weekly chart is a too long a time horizon to trade in -> Weekly charts are more suited to long-term investors - Stock is currently trading at the 35 cents resistance that has been there since late 2016 - A successful breakout of the 35 cents will be good for the stock in the short- to mid-term timeframe - There is another resistance at the 55 cents levels - R is more than 10% - Strategy-to-buy (DYOR) – Suggest waiting for a successful breakout of the 35 cents resistance
ASX:LOT
by Jerm88