Liberty Star Uranium and Metals Corp (LBSR)

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When i was trading, I used technical patterns to enter and exit a position. This is an illiquid trading security, but i have to admit that I used a technical entry here after the final ZTEM report was put forth. I have seen some very poor technical analysis with regards to equities that literally trade for pennies and less. I did want to share something here that may be of some help.

Here is a chart that is a bit loud, but let's start here with three very important indicators(%b, RSI, MFI). I use a shortened frequency with Bollinger bands. Instead of using the actual bands as a display, I use %b, which is the same in different format.



Given the illiquidity, let's smooth it out a bit and eliminate the candles.



Now let's smooth it out more and look at my first entry, less my second one(June 4th) provided by the ignorance after the default was issued to the public(thank god for that).



I didn't show the all the entry points here in relation to the %b/rsi/mfi ticks, but take note at the most important indicator circled. The MFI is a more stringent indicator than the RSI. Though they are similar, it will provide a more descriptive view. If you haven't figured it out yet, this is what is known as a band runner, and the money flow index confirms such. This is good stuff kids, and this equity will become more liquid in the very near term and maintain such. Enjoy this.