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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. > Are you watching...
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Comment by chsharpeion Oct 29, 2012 9:01pm
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Post# 20537444

RE: RE: RE: RE: Are you watching...

RE: RE: RE: RE: Are you watching...

Coo2002:  Just wondering...Are you treating the formation as a cup and handle?  I suspect not since as defined by trending123.com (and others) :

'Down sloping handles

The handle will tend to be down sloping, however the following criteria indicate a potential failure:

  • the handle should not drop below the top half of the cup formation
  • the price should not drop below the 200 day Moving Average'

You don't mention the C&H and I have been treating it as such but the formation is broken at this point.

Thanks, Sharpei

 

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