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L&L Energy, Inc. LLEN

"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

Comment by chsharpeion Dec 16, 2012 5:41pm
72 Views
Post# 20737451

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I can't be sure, but one thing I see is it appears that the end of the 'flat bottom' is in. That sideways 'W' for one, turning the corner for a vertical rise. A powerful rally should follow after eight months of a bottoming pattern.  (On 11/20 CHOP was at $1.06..went to $2.37a couple of days ago. It will come back down to about $1.75 (a,b,c countertrand) before taking off again).  LLEN is only in wave 1 of its present wave pattern.  Either wave 3 or wave 5 will, I believe be powerful.)  Different bottom from CHOP pattern, I agree. (check) Different material. (check) ...BUT China, I believe, itself

 (https://finance.yahoo.com/echarts?s=000001.SS+Interactive#symbol=000001.ss;range=5d;compare=;indicator=rsi+volume+volumema;charttype=area;crosshair=on;ohlcvalues=0;logscale=off;source=undefined;')

chart is soaring; China stocks should also. (Most of the bad ones are shaken out after two years.); it's mid winter and coal prices should be hitting their stride (and yes, I saw natgas at around $3.40 so I don't know about that.); then L&L's recent report was truly uplifting and the future appears stable at last; the change in status as published by Markettrends the other day from hold to buy (I mean when in TWO YEARS have we seen a 'buy' issued for LLEN?); and oh, very likely resolution (of some sort!) to the fiscal cliff before Christmas or by year end which should send US markets (and Asia) screaming.  Using $1.56 you can multiply or divide by the following: 1.08; 1.123; 1.238; 1.382; 1.5. 1.786; 1.9 (or sometimes 1.999), then on to 2.08, etc.).  $1.56 x $2.08=$3.2448. Just put in seven bottoms at $1.90 followed by an inverted hammer.  $1.56 X 1.238=$1.93 where we closed on Friday.  ($3.25/$1.30 - historic low price) Two and one half times - an easy target for a stock that has been under so much pressure for so long! It can happen very quickly.

Sharpei

 

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