Post by
optiprime on Mar 08, 2011 2:56pm
LWSP Showing Favorable Technical Indicators
LWSP Showing Favorable Technical Indicators
For the past several weeks there has been a build-up in support at the .04 level, after LWSP had a successful run during January. This is an extremely bullish indicator considering that after 100% gains LWSP did not witness any profit taking.
So, as I mentioned earlier, this means investors could be anticipating higher returns.
Altough shares are trading on light volume, there are also a number of other indicators from barchart.com that are suggesting LWSP is on an upward trend:
TrendSpotter
20 Day Moving Average vs Price
20 - 50 Day MACD Oscillator
40 Day Commodity Chanel Index
50 Day Moving Average vs Price
20 - 100 Day MACD Oscillator
50 Day Parabolic Time/Price
60 Day Commodity Channel Index
100Day Moving Average vs Price
50-100 Day MACD Oscillator