david, the downtrend line is not per the dates, please see below. This support failed to hold though. Presently it looks like a half cent overshoot on my 1.32 horizontal support, or the gap at 1.295
Please exclude all the coloured trend lines, they are proprietary by chart supplier, and cannot be removed. We need a close above, and stay above $1.48 to start to get back on track, and preferably a candle with a long lower tail, otherwise the trend is still down. I have taken an entry at my 1.32, but with a short stop loss of 1.275 for a minimal risk with potential upside. The stop is in case my plan is wrong and is to limit losses at 4.5c per share.
- Forums
- ASX - By Stock
- LNC
- chart
chart, page-19
-
- There are more pages in this discussion • 24 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add LNC (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
RCE
RECCE PHARMACEUTICALS LTD
James Graham / Dr Alan Dunton, MD & CEO / Non-Executive Director
James Graham / Dr Alan Dunton
MD & CEO / Non-Executive Director
SPONSORED BY The Market Online