It looks like momentum is in favour but I'd be cautious of that resistance line that the sp is currently tucked underneath (hence the resistance during Thurs/Fri sessions). There will be some resistance around .073 -.075c if it can get through .066c.
Last weekend I mentioned .062c was a likely retrace target and posted a chart to this effect (which received an interesting response), well it came down to that level and overshot thanks to panic sellers only to close back up over the .062c level on the same day (which I mentioned was important that it did so for upside to continue). So it's played out so far, lets see from here, anymore downside from here in the st and I think .049c could get a look in but should be good support at that level(mentioned last weekend).
Here are the charts
LEG 5 year daily (click on chart)
LEG daily (close up)
LEG Price at posting:
6.6¢ Sentiment: None Disclosure: Not Held
