The Future Looks Bright Ahead, page-17

Analysis from buy sell .com
Bullish Signals

• Rises to Falls: In the last three months the number of rises outnumbered falls 19:14 or 1.4:1.
• In the last 16 trading sessions there has been a net rise of 21.43%; the stock has advanced six times and the biggest one day rise was 40% on May 31.
• The price soared 70.0% in the last month. This has been propped up by extraordinary volume of 4.7 times average for the month.

Daily Research Report: Latin Resources
Thursday, June 30, 2016
Fig 3: Bullish Indicators and Rank in Market:
Note
Volatility
The stock traded between an intraday high of 1.90c and a two-day low of 1.70c, suggesting a trading opportunity between peaks and troughs. The average daily volatility of 11.2% places the stock in the 1st quartile in the market meaning it is highly volatile.
Volume
There were 20,204,676 shares worth $A343,479 traded. The volume was 3.0 times average trading of 6.7 million shares.
Fig 4: Turnover Rate & Turnover Period
• It is at a discount of 29.2% to the 12-month high of 2.40c on 21 Jun, 2016. It is also at a premium of 466.7% to the 12-month low of 0.30c on 25 Feb, 2016.

	Column 1
0	Description Value Rank In Market
1	Relative Strength 99 In Top 2% (6M)
2	Price/MAP200 1.74 In Top 3%
3	Price/MAP50 1.0 In Top Quartile

• In the Australian market of 1,456 stocks and 42 units traded today, the stock has a 6-month relative strength of 99 which means it is beating 99% of the market.
• The price to 50-day EMAP ratio is 1.1, a bullish indicator. In the past 50 days this ratio has exceeded 1.1, 25 times suggesting further upside. The 50-day EMAP has increased to 1.52c. An increase is another bullish indicator.
• The Moving Average Convergence Divergence (MACD) indicator of 12-day Exponential Moving Average (EMA) of 0.02 minus the 26-day EMA of 0.02 is positive suggesting a bullish signal.
• The Price/MAP of 1.74 for LRS is higher than the Price/MAP for the All Ordinaries Index of 1.0.
• In the last three months the stock has hit a new 52-week high eight times, pointing to a significant uptrend.
• The price to 200-day MAP ratio is 1.74, a bullish indicator. In the past 200 days this ratio has exceeded 1.74, nine times suggesting further upside. The 50-day MAP of 1.70c is higher than the 200-day MAP of 0.98c, another bullish indicator.
  Undervaluation:
  • The Q Ratio, defined by James Tobin as MCap divided by Total Assets, is 1.5. Compared with the rest of the market the stock is undervalued.
  Other Bullish Signals:
  Also, the following criteria set by Benjamin Graham:
  • "Total debt less than tangible book value"; total debt of
  AUD1.5 Million is less than tangible book value of AUD5 Million.