Lithium miner LTR has been regularly in the news over the last few years, from a failed/blocked $6.6bn takeover bid from US giant Albemarle to the significant stake taken by Gina Rheinhart and subsequent speculation whether she will consider a full takeover bid. Either way, we believe the risk/reward looks great for active investors/traders around current levels.
- We believe LTR is likely to test its recent swing high ~$1.70 in the near future, or 25% higher.
MM is bullish toward LTR short-term
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