Technical Insider

LC = 0.47 ( 6.8% ) LC formed a white candle with higher high and higher low. Bullish. LC showing support from previous gap up at 0.43. Hopefully LC is on its way to test resistance levels. LC might be considered to be consolidating in the short term due to lack in volume of possible reversal. Using the Japanese candlestick charting technique of Steve Nison, it might seem that LC is forming a continuation indicator: the window (the gap made between 0.42 and 0.43). This seems to have become a level of support for LC; and if we are going to use it as an indicator of continuation of the previous gap it has been said that we should go into the direction of the window (which is up!). Note that although the window was closed there was no follow-through selling, which might be bullish. Resistance: 0.47, 0.53, 0.55 Support: 0.43-0.42 (window/previous gap down) Good luck to all LC traders!

LC = 0.47 ( 6.8% ) LC formed a white candle with higher high and higher low. Bullish. LC showing support from previous gap up at 0.43. Hopefully LC is on its way to test resistance levels. LC might be considered to be consolidating in the short term due to lack in volume of possible reversal. Good luck to all LC traders!

LC = 0.44 ( -2.2% ) LC formed a white candle with lower high and lower low to close a previous gap up. LC filled a previous gap up, if LC is to continue its previous uptrend it need to respect the previous gap up as support and form higher highs and higher lows. If LC continues to form lower highs and lower lows, I doubt if the previous uptrend can be followed up. Support: 0.43, 0.42 Resistance: 0.45, 0.53, Good luck to all LC traders...

LC = 0.5 ( 7.4% )

LC = 0.48 ( 17.1% ) LC formed a gap up white candle with significant volume. Bullish! LC confirms formation of bullish engulfing pattern by achieving higher high and higher low thru a gap up. Support: 0.43-0.42 Resistance: 0.48 (hopefully LC would be able to break this recent high tomorrow) Good luck to all LC traders! Lepanto says HK-listed Zijiin eyeing stake in gold-copper project (from Citiseconline and Technistock) The Philippines' Lepanto Consolidated Mining Co said Thursday Hong Kong-listed Zijin Mining Group Co Ltd is proposing to acquire a 20 percent stake in a Lepanto-led gold and copper mining project for 70 M US dollars. Lepanto told the Philippine Stock Exchange that it and Zijin have executed a memorandum of understanding in relation to the proposed acquisition of a stake in Far Southeast Gold Resources Inc. Lepanto owns 60 percent of Far Southeast Gold, which is involved in the Mankayan gold and copper mining in the northern Philippine province of Benguet. "It ...

LC = 0.41 ( 5.1% ) LC formed a long white candle with lower low. LC trying to close the previous gap up and looks to be forming a bullish engulfing pattern. It will be confirmed if LC forms higher highs and higher lows as it looks for resistance levels. How can this be a bullish engulfing pattern where the trend is not clear? In my humble opinion, LC might have been trending down after achieving the high of 0.47 and this engulfing pattern might be reversing the trend towards a sideways and hopefully an uptrend. Resistance: 0.42, 0.47 Support: 0.36, 32MA Good luck to all LC traders!

LC = 0.4 ( 21.2% ) LC made a gap up cross with huge volume (897M). LC made a deal with Zijin for a $70M project. Bullish news. After opening with a gap up LC closed the trading at its open of 0.4. It is a bit of a concern that LC was not able to hold on to the highs of the day. It would be interesting to see on Monday how the price of LC would react following Friday's mixed sentiment. LC was threatening to reach the ceiling price... but failed to do so and retreated back to its open... I think this is a bearish signal but I'm hoping that the bulls are still in control of LC. I hope LC forms higher highs and higher low for the coming trading week and I really really hope that it would not close the gap up that it made on the previous trading day. Support: 0.39 (gap up) Resistance: 0.47 Good luck to all LC traders!