Technical outlook – After weeks of monitoring, while scouting through a great many broader chart patterns, it is assessed (from our weekly chart outlook, (broader outlook)), that (LVT) is slowly moulding to a bullish breakout, after last Friday’s performance.
Many chartists, traders/investors often look for many patterns and signals to assess various stocks’ trends.
Additionally, we all use charts and other tools to identify patterns that can be used as a basis for investment decisions.
There are many different forms of technical analysis: Some rely on chart patterns while others use technical indicators, and most use a combination of techniques.
Viewing the potential strength to the daily pattern of (LVT), the two technical indicators, the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) are slowly strengthening within the broader pattern.
Following on from Friday’s price action, it is assessed, the market will hold to a steady climb to a potential target of $0.38-40. Reassess from there.
Company Overview – LiveTiles Limited (LVT) is a global leader in intranet and workplace technology software, creating and delivering solutions that drive digital transformation, productivity and employee communications in the modern workplace.
LiveTiles is into the development and sale of digital workplace software via subscription agreements.
They have operations spanning North America, Europe, Asia and Australia, and services over 1,000 Enterprise customers in over 30 countries.