LOM lucapa diamond company limited

AFR Stock Watch - Lucapa Diamond, page-137

  1. 11,201 Posts.
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    What the last week also shows is that resistance was never at 39 cents but just at the 43 cent level.
    I read charts differently to the norm as you need to work out how much volume traded at each price level and have a fair understanding of how much volume was trader related or positions being held plus how the price level had been effected by news.
    Quite difficult to gain this knowledge on all stocks unless you watch a particular stock daily as I have with LOM for almost 7 years.
    So I see no resistance until 60 to 62 cents as this level has failed to hold for around 5 years or 3 cents before the consolidation.
    If 65 cents gets touched $1.00 will come quickly in my opinion.
 
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