Posts

LC - closed previous gap up

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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...

NRCP = new all time low

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NRCP = 2.8 (0.0%) NRCP forms a doji and a new low at 2.7. Hopefully the doji can act as the support and it will be confirmed with formation of higher highs and higher lows Good luck to all NRCP traders...

TA - bottom?

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TA = 1.28 (0.0) TA formed a white candle with lower low and lower high. TA might be forming the bottom of the recent and steep downtrend. Small volume doesn't confirm any pattern of reversal for TA. Confirmation might come if TA forms higher lows and higher highs. Good luck to all TA traders... Note: oil testing psychological resistance of $100

PERC - consolidating

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PERC = 10 (0.0%) PERC formed white candle with lower high and higher low. PERC after coming from a very steep downtrend has finally reversed and is currently consolidating. Good luck to all PERC traders!

PA - resistance at 0.24/0.245

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PA = 0.23 ( 0.0% ) PA formed a white candle with lower high and lower low. PA looks to be forming a resistance at the 0.24/0.245 level. if demand line remains aggressive or becomes more aggressive we might be looking at a possible ascending triangle. Disclosure: sold all of my PA at 0.24 (thanks to broker M!) might be a buy once it breaks out of 0.24 Good luck to all PA traders!