STTCOMP LER, TA Long SOI: 184.36M MC: $26.7M @ 14.5c Cash: $574K...

STTCOMP LER, TA Long

SOI: 184.36M
MC: $26.7M @ 14.5c
Cash: $574K at 31 Dec 2016. Raised $2.5m in Feb 2017 via Hartleys.
Leaf Resources - Sustainable products from plant biomass

Waited for an opportune time for the TA tip and we are close IMO. Price is up against resistance from almost coincident aqua warning line and upper red tyne on the daily chart. Note also the recent test of lower white tyne support of the Schiff fork.

LER Daily close up.


Monthly chart shows shortening of thrust for last completed month and current incomplete bar looks to be a test of support of lower blue tyne (my interpretation). Expecting a move to the blue median in the medium term.