LBSR Liberty Star Uranium Corp May do a Gap Fill at .038

There is an opening gap in the LBSR price chart.  If we are correct that LBSR is about to do a downward retracement from recent highs, then it would not be out of the question for LBSR to at least do an intra day price move that fills the gap at .038.

We have placed some buy orders ourselves for more accumulation of LBSR at .039.  That level is also consistent with a move that would help to better define the recent uptrend level of the LBSR penny stock price chart.

See the penny stock chart below for more clarity.  The red horizontal dotted line represents the gap level and the two blue up trend lines represent possible uptrend ‘foot support’ if you will where price can find new strong bids again to continue this uptrend.

Here at penny stocks penny stocks we go into more depth and detail on penny stock charts than the top 100 penny stock websites combined.  Penny stock charts have some unique characteristics than other ‘regular’ stock price charts but the principle of technical and chart analysis remains the same.

A lot of times the three white soldiers candlestick pattern which is a very bullish signal is still usually retraced so price can catch its breath and build cause for a new move higher.  The same would be true if you see the three black crows candle stick pattern from a price top.  Usually there is a retracement back topside to help define the new move.

If we do get a gap fill at .038 then it is likely to be a very sudden event that happens only on an intra day basis at which point buyers are likely to come in heavily to support this penny stock . . .