AI
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Monday, January 19, 2004 11:26:51 AM
LRCM: recently some big moves, recently 50 day cross 200 day, that gave it a big move like so many otheres recently. Volume can be a problem, it either has it or it doesn't, very sporadic. Stochastics very good, but looks to be turning here, OBV positive and steady, RSI heading down.
My concensus: Gonna need some consolidation time here, could possibly be beginning the left side of a cup which needs a bottom to build (cant confirm a cup until the bottom is formed)
Probably find bottom in the mid 002s then trade sideways for a few to build the bottom, then up to form the right side.
As I said the cup is a guess right now, not developed enough to indentify.
My concensus: Gonna need some consolidation time here, could possibly be beginning the left side of a cup which needs a bottom to build (cant confirm a cup until the bottom is formed)
Probably find bottom in the mid 002s then trade sideways for a few to build the bottom, then up to form the right side.
As I said the cup is a guess right now, not developed enough to indentify.
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