After the massive run-up earlier this month, LRC is currently seeing some consolidation coming its way.
During this period of consolidation, a bull-flag pattern has developed on the chart. Since this flag pattern has formed during a strong bullish move, it's more likely for the price to break out on the bullish side than on the bearish side.
In case of a bullish break out, I'm looking at the $2.75 - $2.90 range for potential exit targets. In case we break above that in the coming days, we might even go for a new all-time high in the near future.
Happy trading!
During this period of consolidation, a bull-flag pattern has developed on the chart. Since this flag pattern has formed during a strong bullish move, it's more likely for the price to break out on the bullish side than on the bearish side.
In case of a bullish break out, I'm looking at the $2.75 - $2.90 range for potential exit targets. In case we break above that in the coming days, we might even go for a new all-time high in the near future.
Happy trading!
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