Arafural, instead of putting my whole evening into this post to give you four projections for your own use, how about we go for a level playing field approach :)
I had a quick read through the Easter thread and noticed you made a prediction of $2.30. I'll make an Easter prediction too and we'll come back and see who's closer at that time, Sunday March 31, if you like?
It is clear that long term support sits at 47c and overhead resistance sits at 87c. It is also clear that a descending triangle is currently in play, so the stock is likely to either break through that level to the upside by Easter, or fall through the bottom of it. Thus, I'm looking at two possibilities. 75c to 85c, or 47c to 55c. On the weekly chart the stock has struggled to break up through the 20EMA which currently sits at 70c. How it deals with this over the next 3 months will have a big say on where the stock ends up. 6 of the last 7 interactions with the weekly 20EMA (over a span of 1 year) have resulted in bearish movement. I'm inclined to go with history on my side and suggest that the 47c to 55c range is more likely. Let's go with 51c :).
That would make $1.405 the ledger price to see who ends up being closer. Your $2.30 vs my 51c. Good luck!
LYC Price at posting:
63.5¢ Sentiment: None Disclosure: Not Held
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