Cybachic, I agree about the pull back and I stated earlier that I would not be suprised if we see it go as low as 5 cents from a tech point of view. Positive thing to mention here is the decreasing volume that has happened over the last 3 trading sessions. No one busting to sell atm which is holding and may continue to hold around these levels.
Another point to add - looking at the intraday chart over the last 3 sessions, we have hit a low 5.5c only twice and stayed there less than 30 minutes each time, however on the flip side hit 6 cents twice and stayed no longer than 30 minutes.
This consolidation of sorts adds support to the SP at these levels. This in my opinion will add momentum to any positive news that may be around the corner.
LOM Price at posting:
5.7¢ Sentiment: LT Buy Disclosure: Held
