LJPC Daily Chart ~ Attempting to Break Above the R
Post# of 2559
Posted On: 01/19/2014 1:15:25 PM
LJPC Daily Chart ~ Attempting to Break Above the Resistance Line
In my previous update on LJPC of January 13, LJPC was still trading pre-reverse split in the .15s. Not all reverse splits lead to disaster. If a company has their ducks in a row prior to the split, it can turn out very well by getting their bloated share structures under control. The 1:50 R/S took the stock from .15 to 7.50. Since then, LJPC has rallied to as high as 10.21 while attempting to break through the horizontal resistance line at 9.50. The FullSto and MACDs are looking great with plenty of room to move on the upside. A break above the first resistance would lead to a possible test of the 12.00 level. There's a lot of fundamental chatter out there suggesting a move to 40.00 by the end of May. Not sure whether that will occur or not, but let's use the chart for some guidance along the way.
GLTA
In my previous update on LJPC of January 13, LJPC was still trading pre-reverse split in the .15s. Not all reverse splits lead to disaster. If a company has their ducks in a row prior to the split, it can turn out very well by getting their bloated share structures under control. The 1:50 R/S took the stock from .15 to 7.50. Since then, LJPC has rallied to as high as 10.21 while attempting to break through the horizontal resistance line at 9.50. The FullSto and MACDs are looking great with plenty of room to move on the upside. A break above the first resistance would lead to a possible test of the 12.00 level. There's a lot of fundamental chatter out there suggesting a move to 40.00 by the end of May. Not sure whether that will occur or not, but let's use the chart for some guidance along the way.
GLTA
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