LRS 3.8 weekly chart still a rounded bottom breakout over the...

LRS 3.8 weekly chart still a rounded bottom breakout over the 50sma with a target price at the 200sma at present around 10.5 cents
LRS daily chart at upper trendline and a pullback to test the demand level at 3 cents would not surprise. The other option is to consolidate at these levels by crabbing sideways for a week or two and then breakout higher and double the trading range. The problem with LRS at present is it keeps creating bull traps on lower timeframes because of the being in the doldrums for so long, it really needs to consolidate and push on with the next leg up otherwise new buyers just get slammed by perpetual selling on minor timeframes. The last leg up went from 1.5 cents to about 4 cents giving a very narrow daily chart range of 2.5 cents. It will be a much more mature company if they cosolidate at these level and push price to around 6.5cents to give the LRS a better trading range. At present the trading range is far too restrictive for the amount of interest in the company. So far they have had about five tests of the upper trendline and failed to push higher. A consolidation at these levels then a push to 6.5 would be the best result at present in my view.