To All,
As forcast on my last post #21 (May 8 1:28 AM EDT) LCAV dipped to $4.25 within the first two hours of trading. As of 3:20 PM EDT, the current price is $4.50, with a high of $5.00, and low of $4.25.
Current primary support is $4.25, secondary underlying support is $3.50.
Considering the relative high volume at this juncture (52,300 share), an attempt is being made by the Market Makers (M.M.) to hold the prices at the current levels. But, it remains to be seen if this is the time to buy.
Short and intermediate term momentum indicators are negative. The first leg of the double bottom indicator is forming at this time. The second leg should occur shortly (witin the week). I will advise this thread when it occurs.
Be alert and check this post for a buy signal.
Notice should be taken that I am not a licenced advisor or stock broker. Any predictions made are strictly the opinions of the writer.
No guarantees of profit is made or implied. Any actions or positions taken by persons reading this post is the responsibilty of that individual.
Good investing and regards,
Harry |
