LR chart February 25, 2013
click image to enlarge
A hammer is a candlestick that has a small body with a long lower shadow and should have no upper shadow.
Currently LR price is at the 50% level Fibonacci, acting as support.
RSI is about to cross the 50 Line – see more about the RSI here
LR is oversold in the Stochastic indicator and is about to give out buy signal. To learn more about Stochastic, check out this site
If the bounce continues then LR may reach and try to break once more the resistance at 9.30
CHART UPDATE February 26, 2013 CLICK HERE
Stochastic Indicator just gave a Buy Signal!
Closed at price of 8.8
Here is the board at the closing (saw some magic!)
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