LBT chart

Hi Folks

I haven't visited LBT charts for such a long long time. I was a little surprised by what I found.

The first bear signal on my weekly chart happened in the week 19 Jul 2020 whereby the weekly hi-lo candle first traded entirely below to 10WMA.
There was a dead cart bounce (DCB) in Dec 2020 (false bull signal for a couple of weeks) where the weekly hi-lo candle traded entirely above the 10WMA. After the DCB another Bear signal appeared and we saw the share by continue down to 0.071 in May 2021.

So were were looking for the first true bullish signal whereby the Hi-lo candle trades entirely above the 10WMA which happened in the week 11 Jul 2021 which I have labelled (a).

So we are in a bull market, I ignore the weekly hi-lo candle that cut across the 10WMA, I am waiting for the bearish signal (whereby it trades entirely below the 10WMA) (ignore the last weekly candle as it represents only one days trading , today a Monday)

I have seen with other stocks I regularly chart this bull pattern continue without a bearish signal for well over a year. PLS is one example.

Also take note in the week 22 Aug 2020 that the 10WMA crossed above the 40WMA a very strong bullish signal.

Note we have started a series of higher highs and higher lows so as long as the next low is above the last higher low which I have labelled (b) on my chart , its still all good.

So lets see how far this bullish run takes us.

This is just the the way I deal with the markets so that I am not surprised by what plays out, as always DYOR.

Good Luck

cheers Lies