Closest peer i could find for chart comparison would be GLN. We seem to be tracking them the closest and there seem to be some divergence in our trend lately. Nearly all li stocks have been riding in overbought territory for quite a while now and some even for several months! We have barely touched overbought since breaking out of the Lt resistance so our indicators look a little better compared to the rest of the sector.
Pretty sure we should converge with GLN in the 50s very soon, we may have to see if the stochastics touch oversold first before continuing the uptrend as historically the stochs always go back to oversold after touching overbought. The stock doesnt really bounce off the median point but then again LPI has been on a downtrend since its inception? So the trading pattern may change.
LPI Price at posting:
31.0¢ Sentiment: Buy Disclosure: Held
