- LMIR is just sitting on the uptrend line support level at about $0.53. This level is also the 50D SMA and also the previous resistance. Breaking this support may send LMIR to 200D SMA at about $0.49.
- Resistance at $0.58.
- Take note of the spike in selling volume.
- Upside potential (to next resistance) = 9.4%
- Downside risk (to next support) = 7.5%
- If this support holds, may be good entry level to buy on dip because LMIR is still on uptrend, and fundamental is still undervalue base on NAV with good distribution yield.
LMIR Fundamental Analysis....
