Trader's Logbook

Looks like an Ascending Triangle has been formed by LTG‘s price movement. This type of formation occurs when there is a resistance level and a slope of higher lows.

What is happening is that there is a certain level that the buyers cannot seem to exceed. However, they are gradually starting to push the price up as evident by the higher lows. But the real question here is whether the bulls will can gather more strength to someday break the resistance or it will fail and go down further. As of now the price is at its lower slope (support line). Although Ascending Triangle is seen to break at the resistance, there is no telling until that will happen. Holders should be careful and watch this stock carefully.

Caveat!