LC continue to move upward with a headwind last week but so far it has been a good run for LC from 0.30 it is now at 0.380 per share. Currently the priceis at the resistance level around 23.6% Fibonacci Retracement level. This also corresponds to the Senkou Span of our cloud. Notice also that thislevel has been the bouncing board of LC last June of 2013. So I think this is an interesting level to watch. In case the bulls will be able to break this level we might see LC go up to the green department?
We have been monitoring LC’s weekly chart and so far Kijun Sen line is stillmoving horizontally at 0.50.
Caveat!
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