L&L Energy, Inc. LLEN

Metals & Mining Industrial Metals & Minerals

"L & L Energy Inc is currently engaged in the business of coal mining, coal consolidation, and wholesaling in the People's Republic of China and its operations are conducted in the coal-rich Yunnan Province in Southwest China."

OTCPK:LLEN - Post by User

L&L Energy, Inc. > De

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Comment by barsolidon Dec 16, 2012 4:16pm

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Post# 20737316

RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: De

I agree Sharpei that we are forming a flat base but how do you see a breakout to 3.25. Even using your notes from your post the range here is around 1.40 to 2.20 and that is .80 time .85 gives a price target of around 2.90. And the movement out of this type of base is usually choppy as he stated. Also if you look at the length of the base as compared to the downtrend in the example you posted you will see that the sideways action is quite extended. I don't disagree with the upward bias here, just I am thinking april for the breakout rather than sooner. It is clearer on the weekly charts (*at least to me, ha.). If I am too late then congrats to you all.

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