Liberty Star Uranium corp is an Unstoppable Monster

Liberty Star Uranium Corp is the strongest penny stock I have ever seen in my life.  It is nothing short of astounding how strong this penny stock is.  Today a downward correction was fully retraced and LBSR actually closed up on the day.  Truly an amazing recovery today.

We first highlighted LBSR at .03 cents and continue to try to track its movements but admittedly it is starting to fool us more now because it is not following traditional signs of weakness from the indicators. 

Still, the MACD histogram is once again showing a bearish triple M pattern that would only be confirmed if we close below today’s low of .0771.  LBSR has met the measured move from the high tight flag that I mentioned in a previous post about LBSR.  In that post I pointed out that LBSR moved from .03 to .07 or a 4 cent move.  So adding 4 cents onto the top of the high tight flag would lead to a target of 10 or 11 cents which we did.

So the measured move was accomplished and this could be more evidence that we are going to move into a consolidation again. So how do we know if we are NOT ready to start consolidating going forward?  Very simply.  We need to take out the high of .111 cents on a closing basis.  If we do that then LBSR could explode higher again.  I view this as very unlikely for now but I have been wrong before in trying to pick a top too soon here.  But at least more evidence is piling up that we are near a consolidation phase.

The problem is that ‘news’ has not come out yet.  LBSR may want to trade right up into news which may come within the next 3 to 5 trading days (just a guess on our part).  I feel strongly that when and if news comes out, it will mark a turning point for the stock and the beginning of a consolidation period.  Why?  Because price usually moves before news and this penny stock has shown us that this is what it wants to do now.

If LBSR does somehow manage to trade higher again above .111 then there is a stronger previous resistance range at .12 to .14 cents which should stop this penny stock and move it into a consolidation.  I doubt very highly that we will be able to break above .12 to .14 immediately assuming we even get there.

Congrats to all LBSR holders.  LBSR is truly one of the strongest penny stocks we have ever seen and we spotted it at .03 because of the overall outstanding structure of the penny stock chart.

We hope to find more penny stocks like LBSR in the future but I can tell you from experience that setups like this one that occurred at .03 are extremely rare.