YusufS

Lucas Energy Inc. secondary move

Long
AMEX:LEI   None
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.

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