As much as I think a small bounce is due for LNC now, it is amazing to see
that even after a 13% drop in two straight days it has not yet, fallen into the "oversold" territory on the Schotastic Oscillator. I see a further downside is on the charts tomorrow may be cross into the $1.20's.. If tomorrow the SP crossses into the oversold category, I see a small upside thereafter, but to be safe from this falling knife, its better to wait and watch out for a buy signal which there seems to be none forming at this stage.
Even though a buy signal is generated the likelyhood of it being sold off pretty quickly is quite high. You might see a green day by the time you get in there the SP will drop and you will be on the loosing end. For now just let this thing keep falling untill a support is found near a $1.
- Forums
- ASX - By Stock
- LNC
- $1 is no far
$1 is no far, page-37
-
-
- There are more pages in this discussion • 108 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add LNC (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non--Executive Director
Simon Kidston
Non--Executive Director
SPONSORED BY The Market Online