This is speculative for a lot of reasons, but t may produce some follow through buying.
Here's the apparent resistance zone in red, if LEE can close near or at the top of t's range today, t would be bullish for the possibility of follow through buying.
Here's the daily 3C chart
And the hourly chart. It seems there has been a lot of accumulation and LEE hasn't burnt through that much volume the last 2 days, the assumption being, there may still be accumulated shares that need to be distributed into rising prices. Look for a strong close. Remember-VERY SPECULATIVE
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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