Lepanto Consolidated Mining Co. (stock symbol: LC) has had a tough time trading since my last post, as the intense battle shifted higher to the 0.40 area. Three months have past and yet this battle is still ongoing.
Despite the recent dips below 0.40, the Detrended Price Oscillator (DPO) has stood its ground above the zero level.
Keep an eye on the line in the sand (0.40). Whichever side gives way, we could see a quick sprint (toward 0.30 or 0.50).
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