LBSR closes higher once again

LBSR today blasted higher AGAIN.  Amazing.  This penny stock had printed a double inside day the previous 3 trading sessions which was a clue that another huge move would come in today.

I still do not see clear signs of a sell signal.  But I should say that we are trading right now at the top band of resistance I mentioned in previous posts.  I am going to be SHOCKED if we blast higher and close at .20 cents this week.  I would expect at least some consolidation under the .14 level before LBSR can blast to much higher ground.

The way the stock is trading suggests that news should come out on the last day of August in the morning or afterhours.  And once again I have to stick to my original take that once news comes out it will mark the short term top and beginning of a long sideways consolidation. 

Clearly LBSR is a stock that is in very tight hands, selling pressure is limited.  But at some point everyone is going to want to unload until they get more transparency and visibility of the company direction in the weeks and months ahead.

I am going to keep my comments short today on LBSR.  I feel like we are in the 11th hour on this penny stock and very close to news.  I would advise extreme caution against going long LBSR from this point forward.  Strength should still be presumed, but the finger should be ready to pull the trigger at any time given the current trading dynamics.

Clearly it is very hard to pick a top in a stock that trades as strong as this one.  All we can do is look for clues and forward looking events.  Lets see how things shape up mid week for LBSR.