Technical outlook – After weeks of monitoring, while scouting through a great many broader chart patterns, it is assessed (from our chart outlook) that (LVT) is slowly moulding to a bullish.
Many chartists, traders/investors often look for many patterns and signals to assess the trends in various stocks. 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 forging a potential bullish breakout.
With that being said, it is not expected to be a sharp break, but instead, a steady climb to a potential target of $0.42.
Company Overview – Livetiles Limited (LVT) is a global software company headquartered in New York, with operations in Seattle, Tri-Cities, San Francisco, Los Angeles, Chicago, Minneapolis, North Carolina, Rochester, London, Sligo, Zurich, Amsterdam, Sydney, Melbourne, Brisbane, Geelong and Hobart.
LVT offers intelligent workplace software for the commercial, government and education markets. Former Names: TVSN Limited (TVN), 01/02/2007; TVN Corporation Limited (TVN), 28/11/2011; Modun Resources Ltd (MOU), 27/08/2015.