From the way I see it now that the TOL issue is out of the way I would intrinsically expect LYC to sit in a new trading range above where it previously was (lower risk = price up theoretically at least).
Given that my expectations are a new trading range - even if it sits at the current price wouldnt that eventually break the downtrend and be a bullish sign? So how do you define 'bullish bars' given that its inevitable that the existing down trendline be broken? Does that mean you're looking for higher closes on decent volume? Several higher closes?
What exactly are you looking for now as preliminary indicators to suggest the start of an uptrend before waiting for it to kiss the trend line a few times and confirm the uptrend?
LYC Price at posting:
84.0¢ Sentiment: Hold Disclosure: Held
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