[ATTACH] The above is a weekly chart of LPD. This descending...

The above is a weekly chart of LPD.

This descending triangle is considered a bearish pattern on a chart.

As the SP bounces along the descending line on the peaks, it slowly compresses inside a triangle shape formed along the baseline around the 1.5 cent zone.

This type of action typically results in a bearish breakout to the downside.

Currently the overhead resistance on the descending line forms around the 2.2 cent area, where a bullish price spike may hit, but any upside price rejection around this point & a fall back down to the 1.5 cent zone is further confirmation that a descending triangle is in play.

If it breaks through, it could be a different story.

This pattern culminates on 6th April 2020, coincidently it's the same period where LPD might be almost out of cash depending on her cash burn during the last quarter.

Anytime between now & the 6th April 2020 there could be a breakout to the downside & support could be around the 1 - 1.2 cent zone.

It appears market sentiment in LPD might be changing given the two consecutive days with massive volume. Anything is possible with so much uncertainty at the moment.

Good luck all holders!