Saturday, September 4, 2010

Look At Liberty Star Uranium & Metals Corp.'s (LBSR.OB) Bullish Buying/Volume the Past Two Days


Look At Liberty Star Uranium & Metals Corp.'s (LBSR.OB, http://stockcharts.com/charts/gallery.html?s=lbsr) Bullish Buying/Volume the Past Two Days, see http://finance.yahoo.com/q/ta?t=5d&l=on&z=l&q=c&p=v&a=w14,w14,w14,fs&c=&s=lbsr.ob. Strong buying came in near intra day cycle lows after news of the lawsuit (Liberty Star Sued by Warrant Holders).

I'll be looking to possibly day trade LBSR.OB on Tuesday. It looks like LBSR.OB will try and probably succeed in filling the upside gap from Thursday 9-2's open at about 0.175. Note that LBSR.OB put in a bullish white (close above the open) candle with a bullish inverse spike on Friday 9-3, see http://stockcharts.com/charts/gallery.html?s=lbsr. Also, volume was a very strong 51.7 million shares on Friday 9-3-10, and, was even higher on Thursday.

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