LU has reached triple-bottom. It’s time to open a long position.
Tag Archives: Lu
LU
LU is approaching to the previous low. Let’s see if it could become the support after this long decline.
LU
LU is approaching to the previous low. Let’s see if it could become the support after this long decline.
LU and HNP
LU bounced back from low of 3.12. It has broken the resistence at SMA 20, which it had done last month but failed to folllow through. The next resistence is the downtrend line overhead, roughly at 3.5.
Since HNP broke down from the triangle and formed a double bottom, it has rallied back the breaking point 30. There is one point of room for it to go higher before reaching the downtrend line formed since last Sep. It does not hurt to take some money off the table now.
LFC, SUNW and LU
LFC rose 1.33 today in every high volume. It’s testing the overhead resistence again. The next major resistence is at 30.
SUNW continued its ascending, but it backed off from 4.54 intraday high and ended at 4.47.
LU was very active traded today, over 100 million shares! It looks like that it’s posing for a breakout. From the two-day 15 minute char, we can see that buying was persistent.
