Lepanto Consolidated Mining (LC) looks to be poised for a major move higher. As you can see, LC has formed what appears to be the right shoulder of an inverted head and shoulders pattern shortly after it moved past its downtrend line. If LC can successfully move past the neckline resistance at Php1.21 then it may start aiming for its minimum upside target of around Php1.58. However, a failure to move past the said level may send it back down to at least Php1.10.
Buy on breakout (above Php1.21)
Target at Php1.58
Cutloss at Php1.14