Replies to post #128199 on Liberty Star Uranium and Metals Corp (LBSR)

[deadjim]

People here are going to disagree, say this moved on Arizona alone.. but I'm going to tell you the truth: There is momentum in the Uranium sector that started off on a short squeeze on a post-reverse split stock that ran from $3 bucks to $28 in only less than two weeks. Lots of uranium ran on that.. LBSR was technically set up to pop, and given its recent news, it joined the crowd. It will also follow it the other way.

I hope this gets financing as much as everybody here, but LBSR tends to spike and sell off. It's done this for the last 3 years as it consolidates.

What I'M looking for overtime is for LBSR to SPIKE and not just fade, but to hold and consolidate into strength and confirm that it's ready to make its bigger move. At this point in time it's just a spike. That could change if higher price levels hold over some days.

[Tool_power]

This stock moved hard the previous two sessions and broke through the upper bollinger bands yesterday. It had to pull back and cool down. Experienced traders know this and sell some shares at these signal points. I believe it will consolidate quickly and might keep moving up later today or tomorrow.

JMHO

[bylosellhy]

Normal for a fast run up. As much as a 50% retracement was expected which would be around .0178. Will move up as long as it doesn't retrace below the .0155 level or below.