LC’s headwind done. Looks like the sky is clear?

LC continue to move upward with a headwind last week but so far it has been a good run for LC from 0.30 it is now at 0.380 per share. Currently the price is at the resistance level around 23.6% Fibonacci Retracement level. This also corresponds to the Senkou Span of our cloud. Notice also that this level has been the bouncing board of LC last June of 2013. So I think this is an interesting level to watch. In case the bulls will be able to break this level we might see LC go up to the green department?

We have been monitoring LC’s weekly chart and so far Kijun Sen line is still moving horizontally at 0.50.

Caveat!

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felix

A computer engineer by profession and loves to develop online systems/websites. A self-taught stock trader who loves to share his knowledge and enjoys learning, expanding knowledge and staying well-informed. Most often he uses candlesticks, Fibonacci Retracement levels, Ichimoku system on his technical analysis but loves to hear some rumors as well.

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