Technical analysis by WaltrAlexander about Symbol LIT: Buy recommendation (10/3/2023)

LIT has just rebounded off of the EMAs, accompanied by the stochastic resetting, providing a clear signal of a bottom formation and confirming the initiation of the next bullish wave. Keep a close eye on the .74 price level, as this is where the majority of trading volume is concentrated. Once we break this zone, my target is the 1.618 fibonacci level which almost gives us a 4:1 ratio from here. This chart based off of The Elliot Wave Theory, Fibonacci, EMA’s, MacD , RSI , Momentum, and resistance/support zones combined with patterns.