L&L Energy, Inc. LLEN

RE: Yet one more time to break it...

[barsolid]

 

DC we have broken above the weekly downtrend line which is great, but expecting an uptrend to just start is probably a little optimistic.  This is going to take time.  I do like the new acquisition.  A little step but a good one.  They need to stick to the knitting and increase local sales in Guizhou.  Also Guixhou is growing on a percentage basis quite a lot, even though from a low base and some of the PRC members from Guixhou are getting a little traction in the new government that is forming so hopefully government support for the province will continue.  I do see the May bottoms as the lows, but this looks like a sideways channel for now.  I am looking at a retest of the top of the downtrend line at around 1.65 and then sideways of 1.65 to 2.30 for a while.  How long?  Not a clue.  It does seem that if we earn 1.25 for the year that the price should be above 2.50 but this move might take until we get these earning into the bank which means sideways for 3-6 months.  If we get a dip I'll probably buy a little and start accumulating.  Hopefully I can ride the right side up and make back some of our money.  glty