I believe LST is beginning to reverse and should prove a good buy at around the $1.40. The posted chart shows a continuing divergence in the MACD and the trend weakening with the DMI -ve and +ve converging. Watch for the crossing of these, a break of the trend channel and the 8d ema crossing the 34d ema for confirmation. OBV (not shown) is trending up.
The fundamentals of LST are also in good shape with over $110m in cash an NTA of $1.78 which includes the writedowns for VRE and LAF plus they pay a dividend LST represents a reasonable buy at these levels. Not to mention gold at $US1000.00
Yes I own the stock and yes I would like to see it go to $1m by next week.
Resistance at $1.35 short term target $1.45 then $1.65.
Cheers
BW
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