Lucas Energy Analyst Brief; Technical Interlude Rally Could Materialize by SmallCapIR and Issued by BrokerBank Securities, Inc.
NEW YORK, Aug. 20, 2014 /PRNewswire/ -- An early summer rally failed to reverse the longer term downward pressure in LEI and a slow drift down ensued. Our technical now suggests a more solid base is forming and we are watching for signs of a reversal. Although there are certainly longer term concerns with LEI fundamentally, on a short term basis we are all familiar with the famous saying "the market can stay irrational longer than you can remain solvent". Readers should consult our chart discussion for consideration of what levels a possible short squeeze or even just a conventional technical breakout could produce.
An analyst technical chart analysis with opinion on possible short squeeze can be viewed by using the link below. There is no cost obligation required to view this report:
http://bit.ly/-LEI-AnalystBrief
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