Could someone give a technical read on the LEI chart. As I see it, there is no floor until somewhere around .40c It looks like we broke through the .64/.65 but I am no chart reader. It looks to me that the downward trend could go to .40. Any thoughts?
The technical read was also for the stock to have little headwind till 3 per share once it broke thru 1.12, so take charts with a grain of salt. It broke thru, and we all know where we are now. That caused me not to sell at that point, and as of now it appears to have been a mistake.
Thanks 4 skin for your insite. You are wrong and I should have made my post more clear. I am long at .74 and new to this. I am trying to learn to read charts and just wanted some feedback if I was close to reading the chart correct. I think this stock will pay off in the long run but what is wrong with selling and re entering lower? Sure I would like to know the low entry point, who wouldnt? SMCB