LGL lynch group holdings limited
Add to My Watchlist 1.91% ! $1.87

or hold them hoping for a bounce?The daily and weekly LGL charts...

  1. CleverTrevor
    385 Posts.
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    23/04/09
    07:50
    Post #: 5042186
    or hold them hoping for a bounce?

    The daily and weekly LGL charts do not inspire confidence. The gold price doesn't look too bad on the daily chart, with the double bottom and MACD rising. But it's a different story on the weekly. Also, the HUI looks weak on both charts, as does the HUI:GOLD ratio. With 7 out of 8 charts agreeing, plus the spectre of the global deflation breakout, the decision is a simple one and I will be selling mine today for whatever I can get. This is not investment advice, just a perspective of a short-term trader.
    LGL Price at posting: $2.84 Sentiment: Sell Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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Last
$1.87 		Change
0.035(1.91%) 		Mkt cap ! $228.2M
Open High Low Value Volume
$1.87 $1.87 $1.87 $2 1

Buyers (Bids)

No. Vol. Price($)
1 5714 $1.75
 

Sellers (Offers)

Price($) Vol. No.
$1.88 8800 2
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Last trade - 10.17am 31/07/2025 (20 minute delay) ?
LGL (ASX) Chart
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