LCY 0.00% 1.3¢ legacy iron ore limited

chart...

  1. 8,443 Posts.
    lightbulb Created with Sketch. 175
    Its no "erichmj" chart but its better then nothing.

    Note that although it dropped below support at .205 it pulled back up to finish righ on it. It was a strong move back up from .19 cents today to hit 21 cents and end up at .205 cents. It finished below the long term up trend line but think we will get back above it tomorrow with ease. We also finished above the trend line of the channel that the sp has been trading in which is also a good thing.

    The same 3 day pattern happened between the 3-5 August before continuing its uptrend on the 6th August. This same pattern is what i think is happening now which would mean today we finished the 3 day patteren and we should move up tomorrow making a higher high and a higher low.

    This is my in terpritation of the chart. Hope it helps.

 
watchlist Created with Sketch. Add LCY (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.