LNC 0.00% 99.5¢ linc energy ltd

From a purely TA's point of view, whoever is getting excited at...

  1. 381 Posts.
    From a purely TA's point of view, whoever is getting excited at the prospect of jumping on board as soon as the SP hits 50c, just for your info it can take anything around 6-8 months for the trend to change. Do not expect that epic rise we witnessed 6 months back instantly.

    People who intend to go long and have extra cash they can for sure park their money once the SP hits 50c, however as I said do not expect an instant turnaround. For others just wait for that imp buy signal to go long, similar to the one generated in Nov last year when the 50day SmA crossed over the 200 day. Very imp sign, do not miss it.

    Ad sharman pointed out the Macro economic factors at this stage are affecting the Micro Economic factors of demand and supply. Believ it or not 6-8 months down the line macro factors will start getting better positively affecting the micro factors. We may expect history repeating itself come this Nov-Dec?? Who knows.. Fingers crossed.
 
watchlist Created with Sketch. Add LNC (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.