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Just got email from SkyLabGlobal
Dear Valued Member,
Patience could pay off big time on LBSR as consolidation could lead to a MAJOR BREAKOUT when the bulls step back into the trading action. What do we mean?
LBSR has been a roller coaster of an alert, just yesterday we issued an alert on LBSR and quickly saw the stock run up from .019 to a high of .0299 today, representing a 57% gain trade opportunity for those that traded within this range. The stock closed up at .026 today which is an 8% gain intra-day, which isn't too bad.
What has us so excited is the way the chart and technical are setting up on this highly profitable alert, the chart is just itching for a move higher and the bulls want to bust loose and breakout!
LBSR has been consolidating at a healthy level and way since about Tuesday of this week, the stock has put in higher lows on each pullback or dip and the volume during this consolidation phase has been low, which is exactly what we want to see. The lower the volume during consolidation phases, the better - remember STHG had the same kind of price action, consolidation for a few days at .003 then it jumped to .009, repeat and it jumped to .025. LBSR is set up nicely from a charting perspective and can bust through recent highs with a breakout as it breaks above its pennant formation.
What is a pennant formation?
Investopedia defines it as:
What Does Pennant Mean?
A continuation pattern in technical analysis formed when there is a large movement in a stock, the flagpole, followed by a consolidation period with converging trend-lines, the pennant, followed by a breakout movement in the same direction as the initial large movement, the second half of the flagpole.
Pennant
As can be seen in the above picture, there is a large rise in the stock, followed by a converging consolidation period that resembles a pennant and a resulting continuation of the initial trend.
Investopedia Says
Investopedia explains Pennant
Pennants, which are similar to flags in terms of structure, have converging trendlines during their consolidation period and they last from one to three weeks. The volume at each period of the pennant is also important. The initial move must be met with large volume while the pennant should have weakening volume, followed by a large increase in volume during the breakout.
Source: http://www.investopedia.com/terms/p/pennant.asp
The accumulation here looks stellar looking at the 60 minute / 5 day chart we can see the accumulation line above 40! Meaning that buyers are "gobbling" or accumulating shares at these levels, which in turns means shares under .03 are scarce and once volume pours in the stock could shoot beyond .03 in a heartbeat. Also, taking a look at the MACD on the same chart and timeframe we can see signs of flatline or leveling out, a rise in price and the MACD will crossover, a bullish crossover will cause buyers to pour in and add fuel to the bullish rally.
Now that we have the technical side covered, let's take a look at the fundamental side of things which is quite interesting to say the least. Today, the trading community noticed that LBSRE was changed to LBSR, why? Well, the company at this point has filed the necessary paperwork and has gotten caught up on filings so they are no longer in the limited information category, they are now current and registered on the OTCQB. Now that the company is current, more and more investors may look at LBSR as a potential investment more so than before.
Members can take a look and verify this by clicking on the link below.
http://www.otcmarkets.com/stock/lbsr/quote
LBSR has both the technical and fundamental side working in its favor, these aspects mixed together could definitely cause a big BANG in the markets and the bulls here could stampede to new highs any day.
Remember as always, keep your emotional trading side in check and trade wisely.
Thank you for being a member of Skylab Global Investments.
Please remember that this email is intended for commercial advertisement and is for informational purposes only. It is not neither an offer nor a recommendation to buy or sell any security. Skylab Global Investments holds no investment licenses and are thus neither licensed nor qualified to provide investment advice. Skylab Global Investments has NOT been compensated for the distribution of this particular email, Skylab Global Investments holds NO shares in the companies profiled or mentioned in this communication and email. Readers should not use this email as the sole basis of any investment decision and while all information is believed to be reliable, it is not guaranteed by us to be accurate or error free. Individuals should assume that all information contained in this email is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between any predictions and actual results. Be extremely careful, investing in securities carries a high degree of risk, you may lose some or all of your investment. Always consult a licensed financial advisor, expert, broker or professional before making any investing or trading decisions. Skylab Global Investments requires individuals to read, review and fully understand our disclaimer in full before utilizing our services, our full disclaimer can be viewed by visiting http://www.skylabglobalinvestments.com/Disclaimers.aspx
Skylab Global Investments
PO Box 390181
Omaha, NE 68139
I think Big Chunk caldera is the next big thing to happen in the gold mining industry
Thanks guys. nice close today
Ihub says 1000%.
Nice chart. thanks
+1000% gain
Nice action here :)
SOLID close today. news coming soon?
What a great day for consolidation!
Looking good. 2 million share buy
Plz close HMIT at 13. thx
This stock has historically shown to be a powerful bouncer. pardon my pun :)
0.0005's are on bid, someone is selling a boatload here
In at 12-13, 50% bounce would be nice
This will bounce to the 0.0025's like clockwork tomorrow
What this company is doing is a disgrace to all shareholders.
WELL WELL WELL what do we have here... hahahahaha
I like the chart. HIGHER LOWS and HIGHER HIGHS
Our BIG CHUNK project will be serving us big chunks of money =)
GO LBSR!! GO NAK!!!
LBSR now. dont forget :)
same situation as you. lost a ton here buying at the top.
LOL i've seen many of these kinds of dilution scams.
this one eventually headed to 0.0001
When you got folks with 0.0001 as their average, anything can happen to this stock price.
GO DEBTHOLDERS!
The convertible debtholders are on my side :)
GO DEBTHOLDERS!
I would be happy to take credit for reeling in more bagholders when this touches 0.0019 or lower
u got a deal, son
Just 1 thing to say here: NO ONE will loan this pinksheet company that has no assets a 300 or 100 million dollar loan, there is essentially no guarantee any lender will get their money back.
Loans are not given out that easily... QASP is worth nothing.
We have developed a SOLID base above 0.02
Next target is to develop a base above 0.03 and so forth
Shorts will need to cover now that we have a new symbol
Just take a look at the chart. all signs point downwards.
supports are 0.0025 and 0.0011
then again, if the company is dumping, charts go out the window, this may not bottom out until triple zeros if the company or its bondholders are selling
Im going to make sure Bob coughs up every single penny he stole
If it breaks 0.0025 there really isnt any support until 0.0011
MACD showing more downtrend, big red volume bars don't help either. look for new lows in the 0.001's if 25's break
Not until the 0.002's when it re-tests support. Tomorrow will be a bloodbath
Deano strikes back part II
Go Dean! LOL!!!!!!!!!!!!
I doubt anyone will be buying after today's mess.
-30% days like this just destroys shareholder confidence and destroys potential buyers
Bob is no stranger in stealing money, he took the money someone gave him to pay the auditors.
I'm going to file a lawsuit against Bob to take away his home for misappropriating shareholder money to buy personal assets.
HMIT keepin' the MOMO going. tomorrow 0.0014 PUSH ON