$LRE Update, Higher High & Flag in the $1.70s, Couple of Tweaks

$LRE has been getting a ton of traction across the social-verse so I thought it might be a good idea to do a follow-on/update based on the action we saw on Friday. I’m including a new chart here showing Friday’s action and **I’m posting a link to the original post for reference.** I’m going to TRY to keep this concise as the original post is fairly comprehensive of the background and thesis. The main takeaway is **Friday DID tell us some important things** about this setup, a setup that *will get its optimal move from a PR catalyst.* Most significantly, **it didn’t give anything back.** This is pretty big if we’re operating on the original assumption that we are moving on anticipation of an inevitable headline. Instead of dumping back to the $1.40’s, **it held the upper range and kept printing in the $1.70’s.** Anecdotally, I’ve found that micros that hold highs into the weekend usually proceed to nice outcomes. Additionally, if you look closely, you’ll see it printed a verrrrryyyyy slightly higher high on Friday ($1.76 from former high of \~$1.74), then it did something subtle but extremely telling. **It flagged right under that level.** That’s textbook “*coil under resistance*.” Literally textbook. I read about it last year in one of my trading books… Anyway, what this all tells us is **the market is willing to hold this level while anticipating the PR**. And this makes sense. It’s not a Chinese or Israeli micro. It’s a Japanese company. When they say they are ready to launch something, investors are confident they’re going to. **We could see some spikes and valleys** leading up to catalyst but for my playbook **I’m only referring to the PR run.** For example, if it holds $1.70’s and starts getting comfy above $1.76 the odds are high we’re about to see a leg-up to the $1.80’s. IMO $1.80’s is an inflection point. If it starts printing **$1.80’s with volume** it could make a vertical line over $2.00 **with or without a PR**. With a PR, as many have noted, it could see $3.00 and go on to set a new 52-wk high. The bear case remains sustained collapse to $1.30’s without a meaningful reclaim. But FWIW, I’m revising my original playbook stops short of a company cataclysm. **For me, this wouldn’t mean the end of the trade,** it would just mean a false start, because I know we’re getting the PR. **For responsibilities sake,** I am not an insider, I AM NOT guaranteeing we will get the PR. I am saying this is a solid Japanese company and I am 100% confident we’re getting the PR. More details on my personal playbook, targets, stops, etc. at **the original post which you can find below.** Thanks to everyone for reading and providing insightful feedback. I hope retail and **everyone here gets a great start to the new year.** [Original Post](https://www.reddit.com/r/pennystocks/comments/1q1h64j/lre_japanese_micro_set_up_for_a_short_hold_with/?utm_source=share&utm_medium=web3x&utm_name=web3xcss&utm_term=1&utm_content=share_button)