Short term up trend signal for LC

This past few months, LC has been in down trend. The new executive order for mining is the biggest contributor for this price movement. This brings out fear and hesitation for the investors to put up their money in mining industry.

Obviously it has been a long term down trend for LC but we can still catch a small up price movement for this stocks. As what you can see on the graph, LC already touched its support at 1.10 and formed a bullish harami candlestick. This shows a trend reversal signal for LC but since it is generally a down trend for this stock, I will be more cautious. LC is not for long term for the mean time. 1.18 price is a good exit price if you were able to buy at 1.10 - 1.11. Caveat!