LEL Chart, page-568

The relative strength of LEL has been declining since the beginning. This tells me they've been sold into their entire existence.
At some point, it will have to pop.
I've stated before that trading below the POC indicates a low in the SP. The bottom is close.
My target is the gap fill.
LEL Chart is shaping as a massive bullish divergence.
Also, sub 2 Q's of funding. They state in the cash flow that:

"LEL notes that it raised $6.4 million (gross) via a share placement in June 2023; the Company will consider
capital-raising initiatives in the future if appropriate."

Not great, we need greater cash inflows or greater monetary enforcement. I'm concerned another CR will just be sold into.
If someone with a greater fundamental opinion could outline how constant CR's are economical, please do as it's certainly not my strong point.