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Tuesday, 12 March 2013

LTNC looking to run after breakout!!

LTNC broke out on the alert and has consolidated the last two days.
 
Looking at the hourly chart we find what is considered a highly reliable reversal candlestick pattern in the three white soldiers.
 
Example
 
With the indicators also suggesting a turn upward in price, LTNC should see another breakout here tomorrow!!!
 
That being said, if  you have not taken a position already or even if you have, though this candle pattern has a high percentage reversal rate we still are looking for a confirmation on the open.
With the hourly chart we want the first hour of trading to close with a white candle which means no lower than .71 or a gap up on the open  may serve as confirmation.
Be carefull on the gap senario.
 
 
Here's the chart!
 
60min.
 


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