Context: Long-term downtrend went into a phase of weak selling as shown in the downward channel line on the weekly chart. This broke to the upside in Jan and has held above it, and has just made a bullish consolidation.
Chart: Pattern traders may call it a Cup & Handle formation, with record volume being build in the handle. There is clear accumulation and interest in this stock. Something is brewing and I don't know what it is.
Depth: Last week, the bids were 70k, offers 130k. As of yesterday's close, the bids were 490k to offers of 120k, 4 to 1 ratio.
Shorts: No short interest open, and none of my brokers offer short selling on it, further easing future selling pressure.
Feel free to add any comments, fundamentals or general thoughts!
Hopefully they align with my technicals
GLTA!
LSX Price at posting:
30.0¢ Sentiment: Buy Disclosure: Held
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