Tuesday, December 27, 2011

LC/B - Lepanto Consolidated Mining Company

Chart Request: For discussion purposes... LC/B Forming a Cup and Handle Pattern - To be validated by our Experts in SMP if they are seeing the same...

  1. 4 Month Old Cup... Volume also formed a U shape
  2. Almost a 3 week old Handle - A pennant/flag pattern... Volume decreasing... 

For me, yung pattern na sinusundan ko is yung possible flag/pennant, if di matuloy yung pattern, then it might mature to a descending channel pattern moving down and test its major trend line... level is around 1.4x. 



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