OTCPK:LLEN - Post by User
Comment by
COO2002COOon Oct 24, 2012 1:07pm
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Post# 20518849
RE: RE: RE: Are you watching...
RE: RE: RE: Are you watching... If you take the share prices on Jun 19 & 20 and Sept 11 as the ceiling (about $2.26), you can roughly draw a long platform and extend it to current with a floor price at around $1.70. The longer the platform the more strength is gathered (to break the top or bottom). As such, if we can stay above $2.26 with large volume, we are likely to more north. In case the SP is below $2.20, I would see it drop back to test the 10 day MA or even 20 day MA (you can see this happened in Sept 10 rally when MA10>MA20>MA50). Well, that's how I see it.