Here is my LSA daily chart update. Yes there was an outbreak at about 3.2c confirmed by a massive increase in volume. 3.9c has been resistance before, but we'll see as my next interim target is 4.2c before the testing of 4.5c resistance level. Next is the re-entry into the green rising channel, where 5.1c is my next interim target. Obviously with everything that was going on elsewhere there was a lot of waiting, which IMCO the smart money used to accumulate and build a Cause, as in Trading Range of which we might see the Effect, as in further SP rise relatively soon.
Now having seen today's SOS - Sign of Strength there might be/should be another test for supply coming soonish, but I would suggest not to be too discouraged, because that's just how the smart money works to make sure they got it all figured out correctly. SOS -> Test of supply -> LPS - LastPoint of Support and of we go ... for the next leg up ...
Good luck to all holders!
LSA Price at posting:
3.9¢ Sentiment: Buy Disclosure: Held
