LRE.TO just won't die anymore..... and a break over a dollar is looking like it's coming. Some real telling news about it's portfolio.... good reason it was 6.00 bucks about with a dividend.... any one who thinks oil is going to stay low is nuts.... Looks good in a weekly as it does in a daily. Level II looks one sided up... Plug LRE.TO into the chart below.... checkout weekly and daily.... that's a powerful picture... but that would be .94 to .96 for a good risk reward to chart, and use a tight stop. If the chart turns bad believe it. This time of year is tricky to play so be nimble not panicky. Notice the settings on the MACD's...... Default 12,26,9 is real-time sensitive and modified MACD is smoothed 12,65,1 or the core average... looks real solid as up for a low volatility pop. Another thing the short on this stock rose by a million from March 15 to April 16 as it stands it would take 5.6 days to run the gauntlet of a short squeeze... a good close-up of say two months only would be a good time period to examine the short term potential for a cover run on the type of average volume so far would be frisky in a 6 day period or it push hard nice and easy for a bit............... shorting into a rally is fun place to play for a bull.
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