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Was LXU a cup and handle Friday? Where would you have been long?
Yes LXU Intraday on Friday looks like a messy cup and handle, but I wouldn't have been long or at least I don't have the experience to say I would have. The only thing I would have done with my current knowledge of charts is to short during the breakdown, not before , but inbetween. Like a 50cent of difference between falling from 12.7 - 5.7
but that fall happened in 10 minutes open market, you would need a great deal of discipline which I don't have yet
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Not perfectly, but yes. The cup part starts with Oct 9th and ends with Nov 3rd at $3.09. The handle is the smaller dip from $3.09 11/3 to $3.09 11/6. According to your technical analysis the stock is breaking out.
thanks
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yes it is. didnt see any news as to why
this company only has 10k in cash and is 375k in debt with a negative cash flow. I wouldn't be buying especially if there is no news as to why its up. It also moves wayy to slow in my opinion. There are better, more volatile plays to play than this.
were did you find the financial information on the company like how much they have in cash
you can find that information on yahoo finance on the left side under company. click key statistics heres the link: http://finance.yahoo.com/q/ks?s=RDSH+Key+Statistics
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