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Re: badshah post# 21416

Sunday, 01/22/2017 1:20:08 AM

Sunday, January 22, 2017 1:20:08 AM

Post# of 25284
I feel pretty good about LEXG. To me, the charts suggest institutional buying started 4 days ago, and if so, that's likely to continue. There are also technical reasons why the stock price should go higher next week. And the best reason for holding LEXG is that this forum is anything but uber-bullish, which suggests the stock price has room to run yet.

Whatever's going on, the charts imply a rising baseline which should reach the low 70s by Monday's close, and is rising at a rate of 8-9 ticks per day which should reach copper by late next week. Short-term squeezes above that baseline are possible at any time, like what happened Thursday.

Monday needs to be an up day to confirm the trend, so let's see what happens.



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