Michaeljob

$LOM Inverse Head and Shoulders

Long
ASX:LOM   LUCAPA DIAMOND COMPANY LIMITED
LOM has formed a reasonably clean cut inverse head and shoulders pattern which is currently challenging the neck line.

With a ongoing news from existing diamond mining activities and upcoming exploration work the catalyst for a break seem likely to present.

First target is set at the support/res level at 37.5c with the second target at 42.5c representing 27 and 44% upside moves respectively. SL set at -12%

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