For someone who doesn't know RT indicator:
RT is a VectorVest technical indicator that computed from an analysis of the direction, magnitude, and dynamics of a stock's price movements day-over-day, week-over-week, quarter-over-quarter and year-over-year. If a trend dissipates, RT will gravitate toward 1.00.
RT analyzes a stock's price trend. LVT.AX has a Relative Timing of 1.39 yesterday, which is very good on a scale of 0.00 to 2.00.
LVT.AX has done very well since the last crossovers near 15 Dec 2017: WMA (10&30), DPO, MACD.
The value of RT is ranging from 1.29 to 1.41 in this month.
The current price actions show a bit of downside due to the resistance upward trend line. Or say in the W chart on the right, the highest price reached near Fib Ext 127.2% ($0.68)
Tomorrow will be a challenge day for LVT. Why?
There is a potential bearish divergence on DPO in D chart. A possible pullback to the dotted S/R line where WMA (30) lies.
RT is a VectorVest technical indicator that computed from an analysis of the direction, magnitude, and dynamics of a stock's price movements day-over-day, week-over-week, quarter-over-quarter and year-over-year. If a trend dissipates, RT will gravitate toward 1.00.
RT analyzes a stock's price trend. LVT.AX has a Relative Timing of 1.39 yesterday, which is very good on a scale of 0.00 to 2.00.
LVT.AX has done very well since the last crossovers near 15 Dec 2017: WMA (10&30), DPO, MACD.
The value of RT is ranging from 1.29 to 1.41 in this month.
The current price actions show a bit of downside due to the resistance upward trend line. Or say in the W chart on the right, the highest price reached near Fib Ext 127.2% ($0.68)
Tomorrow will be a challenge day for LVT. Why?
There is a potential bearish divergence on DPO in D chart. A possible pullback to the dotted S/R line where WMA (30) lies.