Bouncing Back - L&L Energy Inc

Shares of Seattle based L&L Energy (Nasdaq:LLEN) have surged 24% since yesterday as bargain hunters and short squeezes probably push the stock up rapidly.  The stock just reached new 52 weeks low this week on concerns of lack of transparency of Chinese companies.  Although L&L Energy is based in Seattle the company's main operations are actually in China and probably cause investors concern.  However when people are abandoning the stock for reason like this, it is probably the best time to buy quality stock like LLEN which explains the heavy volume purchase these two days.  Technical chart shows the stock still has room to grow at least to the 20 day moving average lien around $6.5.