LOM chart

The last chart thread was buried.

2 charts below:

The first is the breakout of the long term pennant. It shows the breakout and the retrace which will form the uptrend moving forward (the retrace was also on the 38.2 fib retrace level which is very healthy. That's backed by the FA that LOM keep finding diamonds and have significant cash flow.

The second is a zoom in of the new uptrend - next logical resistance is 55c.

I expect this uptrend to continue to about 65c before consolidating around that level until there is a catalyst for further increases. It would have been nice to get there in 1 leg but the market needed a little breather.