Tuesday, March 22, 2011

LEI Trade Idea (long)

 LEI Triangle -this triangle suggests a pretty big move to the upside, approximately $6.00 or so. Because it's a cheaper stock, the obvious triangle may pass under the radar of the black box pattern systems that manipulate these obvious price patterns.

 The 15 min chart has been showing a very positive divergence which is rare to see inside of consolidations like this.

Today's intraday action seems to have set several zones of accumulation, thus a break out may be coming very soon. I'd probably set a stop of $3.20 or so of I bought now, if I bought on a breakout, then closer to $3.45

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