LRS 2.56% 20.0¢ latin resources limited

From purely a technical analysis view, no fundamentals what so...

  1. 39 Posts.
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    From purely a technical analysis view, no fundamentals what so ever, from a weekly perspective, price happens to be above the 8/20/50 ma and there is plenty of room to the 200 ma which is around $0.10c. Price broke above the moving averages (8/20/50) at $0.01c. Price may come back to $0.01 and shake out week hands, but thats it. Price should and is more probable that it will run up to previous support which is now resistance at $0.66. This is my first target where price may stall. Now, how long will it take to do that, not sure. Saying that DEG ran from $0.05 to current price of $1.55 in 6mnths. So from a technical analysis perspective it appears for now that we are all on the right track for now as the weekly price is now for the first time above its 8/20/50 with room above to the 200 ma.
 
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