LRC to hit new weekly high?
LRC recently formed a cup pattern from good weekly and daily volume. The top near .60. The bottom close to .20. However, energy levels are in exhaustion on multiple time frames (weekly and daily). Today's daily candle looks to be a shooting star candlestick. So I would recommend waiting for the "handle" to emerge for this cup and handle pattern to complete. As the "handle" forms during consolidation it will recharge the energy levels. With restored energy this should then allow for the price to move to a new weekly high (top of cup + depth of cup or .60 + .40) of around $1 USD.
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