YusufS
Long

Lucas Energy Inc. secondary move

AMEX:LEI   LUCAS ENERGY INC
LEI just bought new land and needs financing for the business operation. They are releasing more shares to help them do so. It ran 431.35% when they first released the news. Thats not something you see often; former runners tend to bounce and spike largely again. We have another very clean reversal bowl pattern for the upside. Unfortunately TradingView doesn't receive all the quotes for penny stocks and it doesn't show much on the charts, which is odd. Im using my etrade pro platform to get a clear chart of all the candles, i recommend you do as well.


Long 5.31
Stop loss 5.15
Target 6.20, however it is a low float stock and can rip above 100% again, hold if you have the emotional capability, its better to just take profit around 6ish in this kind of a market.

Related Ideas

Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out