It's called a Bearish Divergence.
Generally LDX price action is matching with chart indicators like MACD and RSI. Always hard to gauge on small day to day fluctuations where the pips are 0.5c increments, so it looks larger on a percentage basis when going from say 10c to 10.5c.
Forming triangle bottom support is around the 9.7-9.8c mark. After that support is around 8.8c vwap. After that it's 7c solid CR support.
Interesting after watching a strong start to have 10c taken out then touch at 9.8c only to pull up again. Hopefully we can avoid a double dip on the macd.
The fact this stock is trading $1 million or more a day shows continued solid interest. This is not a penny stock.
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