Technical outlook – Livetiles Limited (LVT) technical pattern has hit many ‘bumps’ in the last four months, however, things should start to ‘pick-up’ for this share as the bearish sentiment is expected to reverse.
As the downtrend continues, it is assessed that this pattern will soon snap out from the bearish trenches and stage a rebound. A decisive break above the downtrend at $0.30 should overpower the bearish trend and ignite the rally on towards a potential target of $0.65. Reassess from there.
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.