LCL 11.1% 0.8¢ lcl resources limited

Fathom target at Chuscal, page-28

  1. 6,406 Posts.
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    A better day than I expected and a great opportunity to buy more at these levels.

    Just a note, it's highly disappointing to find my Charting work image being stolen from this thread and then posted by someone on their social media page and not even provide a link or acknowledgement of credit to me, even when I told them it would be nice to be given credit (not too dissimilar to photographers works being re-posted without credit), their response was to block me.

    You obviously read this and know who you are, sad that I've had to resort to watermarking my images, I put a lot of thought and effort into the Charts in analysing and then drawing them up, which I enjoy sharing to add to the discussion.

    With that out of the way, back to the Stock itself.

    Would have been nice to see 16c close, but auction manipulated to close down, this still gives a Long Legged Doji candle, which the doji's are some of my favourite signals especially at the bottom of a downtrend, as they signal towards a reversal of the trend and that there is a fight between the bulls and the bears, where here the bulls are showing more strength.

    That's seen with today's soaking of any panic sellers from the outside market impacts, whilst some selling pressure, there was enough buying demand to soak it up and hold it at these levels, if there was too much selling pressure then it would have fallen under 15c at some point and stayed there. Which was not the case and rather it pushed up to 16.5c.

    The Pennant Flag is still formed, will only break if the price falls below 15c and doesn't rise back up, some news with demand will help see it push up and breakout upwards from this pattern.

    I'll leave it at that for now, may provide some notes on the video interview from this morning if I have time later but I'm sure someone else will post something and start a discussion given there was some great information discussed.

    https://hotcopper.com.au/data/attachments/2495/2495217-36d5cc2925d9e2c5669d27bfbaa906f2.jpg


 
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