Looks like LC has awaken

LC went up by 2.5% this week as it continues to move away from the Kijun Sen line. Two weeks ago we saw a weak bullish signal when price crosses the Kijun Sen line from below. We still need additional bullish signals so that LC will be able to come out from the downward channel. To do this, we need to see LC close above 0.375 so that Chikou Span will move above the price. A close above 0.43 per share this week would be much better but our initial target is somewhere between 0.45 and 0.50 per share where we have the Kumo and the upper slope.

Current RSI or Relative Strength Index is at 56.8. Last correction was seen when LC hit this level so LC need to break from the barrier in order to continue its ascend.

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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