It broke out of the short term resistance / major level to get above 50c. Mid morning there was an ascending triangle that formed intraday to 54.5 - that failed so natural to back test the last break out point. Might see some sideways soaking here as the bots try to regain control but with a stock with this much potential I'd expect buyers to be in control for some time - north of 65c IMO.
TA wise on the hourly we have seen the low followed by the higher low right now - it's a great entry point IMO. The inside bar is the give away.
LOM Price at posting:
51.0¢ Sentiment: Buy Disclosure: Held
