LifeLoc Technologies Inc (LCTC)

[pdicamillo1]

As a stock, LCTC has been trading in a $2 range for well over a year now with a low of $1.50 and a high of $3.35. That’s a long consolidation time period and should make a fairly significant moves once it breaks out. I don’t expect it to break to the downside but as we all know anything is possible.

There’s a chance that Lifeloc has its highest revenue year ever in 2023 and of course we have been patiently waiting for any updates on the SpinDx technology/marijuana breathalyzer.

If we want to see this stock go anywhere this year $3.35 is a very important price level to break above with some volume and then we have some resistance at $4.00 and $5.00. After $5.00 it’s possible we see a quick move up to $10.00.