LNC 0.00% 99.5¢ linc energy ltd

$2 is no far , page-5

  1. 381 Posts.
    Well the only reason LNC's SP has bounced back today is because yesterday the SP fell below the lower Bollinger Band as well as hit the 200 day Moving Average. A chartist would know what I am talking about. SP has to swing between the lower and upper bollinger band. If it would go over or under the bands the next day you will see the SP adjusting to be within the two bands. So dont get too excited with this bounce, next week we will the fall continue.

    Also we will see it revisit the 200 day moving average to test it and see if it holds.


    Alway DYOR.
 
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