You can see that LRC took a dramatic drop from our most recent peak. It went into a down trend that almost looks like it's going straight down. That channel was broken and we are slowly creeping up after retracing to the 1.618 fibonacci level. Like I say in most of my posts target the 55 ema. Will need to see more volume then we currently have if we expect to reach that level. Will also keep a close eye on the macd as it approaches the zero level. Crossing the zero line is interpreted as a buy signal while crossing from the down side. Vice versa for a sell signal. If the macd is rejected by the zero line that would be a sell signal.