Hi lgl fans, Have just been reading through the bottom picking posts and thought a might add my 2 cents worth as i am waiting for the bottom to jump on.
In the first chart it shows lgl breaking from a descending triangle and i have been looking for support on the 61% fib @ 2.36 not far away now, If it breaks through there it could find it self inside a historical resistance brand marked with the red dotted lines.
In this chart it shows that the $2.35-$2.15 trading resistance band has been very strong support/resistance in the last 14 years
In conclusion i think we need to see the 61% fib or the top of the resistance band hold as support $2.36 0r $2.34, If not i think price could fall to $2.15 bottom of resistance band.
After that $1.60 but unlikely.
Please dyor as this is just my opinion and not to be taken as advice.
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Last
$1.75 |
Change
0.000(0.00%) |
Mkt cap ! $213.6M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 34 | $1.66 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.75 | 814 | 1 |
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| Last trade - 16.21pm 30/06/2025 (20 minute delay) ? |
| LGL (ASX) Chart |
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