Simple TA by Wizetradr

[doctorS]

Following LTHU, I'm going to take a slightly modified approach to our MA's (moving averages). On the daily, I'm going to follow the 5, 10, and 20, but on the weekly, I'm going to follow the 10, 20, and 50. I think the 5 DMA has less meaning on the weekly chart as very short term day to day variability is less meaningfull. Notice the trends on the daily and weekly. CMF is heading back up, and both the 5, 10, and 20 on the daily, as well as the 10, 20, and 50 on the weekly are still in a favorable pattern, and may get even better. This is not a short term trade, but more intermediate. I am not a student of Elliot wave theory, but from the looks of this, we have yet to see Elliot wave #3, which is often the most powerful. My bet is that we see it sooner than later, and I'm still betting on a minimum of $.25 before the end of the year. Of course, all comments are welcome and encouraged. AMHO. docs

Daily: (5, 10, 20)
http://stockcharts.com/h-sc/ui?s=LTHU&p=D&b=5&g=0&id=p21956522936

Weekly: (10, 20, 50)
http://stockcharts.com/h-sc/ui?s=LTHU&p=W&yr=2&mn=0&dy=0&id=p84195694156