LNC 0.00% 99.5¢ linc energy ltd

1. Definite 'W' Basing Pattern established 2. Faster Moving...

  1. 1,065 Posts.
    1. Definite 'W' Basing Pattern established
    2. Faster Moving Averages confirm the Base
    3. Price closing above MA's
    4. Currently attempting a Higher Double Bottom ~$1.60
    5. Because of the Down Trending Channel Resistance Line,
    I would set a Price Target of ~$4.00.
    A Break Out [on Volume] above ~$4.00 would signal a rally to ~$5.40 / ~$6.50
    [The Uptrending Channel Limit is ~$6.50 @~June '10]
    [The Fib. Projection [423.6%] is $8.20,
    however this looks very 'Pie in the Sky' at the moment]
    I have to say I like it so much that I will place a Buy order today [Thank you Susan]
    Sell Limit $4.00 [probably achievable by end DEC '09]

 
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Currently unlisted public company.

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