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"Is early retirement the right financial choice?" Jim Ellis discusses long-term financial growth strategies. I have blogged a...

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"E-book" by AK

Second "e-book".

Another free "e-book".

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ASSI's Guest bloggers

LMIR: Testing resistance.

Thursday, June 10, 2010

LMIR has risen on declining volume. MACD is rising in negative territory and the MFI continues to rise towards 50%. Without a significant expansion in volume as price pushes higher, it will be hard to overcome immediate resistance at 47c.  In the event that 47c is taken out, there is a band of resistance provided by a cluster of MAs from 47.5c to 48.5c.  Upside seems limited which might explain the lack of enthusiasm from market participants in adding to their long positions here.

I would like to accumulate units in LMIR again but will wait to see how things unfold.


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