LEG 0.00% 1.3¢ legend mining limited

comparison to gbg, page-23

  1. 477 Posts.
    re: comparison to gbg/whiteyg Whiteyg, When I look at these two companies side by side, there is no contest from a purely T/A point of view. We all have our own trading or investing methods and I tend to follow Stan Weinstein's. I look at GBG's chart and I see :
    1. Poor volume
    2. Poor relative strength
    3. A definite downtrend.
    4. Resistance at many levels above the current SP.
    5. Trading below the 200 day MA. (apart from today, trading below the 21 day MA also)

    On the other hand, LEG has:
    1. Excellent volumes which will propel the price higher
    2. Excellent relative strength
    3. An excellent uptrend
    4. NO RESISTANCE FROM ABOVE AT ALL
    5. Trading well above the 200 day and 21 day MA.

    In my opinion LEG is in a Weinstein Stage 2 advance while GBG appears to be in a Stage 4 decline.
    LEG will retrace as various stages along the path, as all stocks invariably do, but my prediction is that it will keep trending higher, particularly on the recent good news.
    This is just my opinion, but from a T/A point of view, if you are a follower of Weinstein, this stock has BUY ME NOW written all over it.
 
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Last
1.3¢
Change
0.000(0.00%)
Mkt cap ! $37.82M
Open High Low Value Volume
1.2¢ 1.3¢ 1.2¢ $370 30.31K

Buyers (Bids)

No. Vol. Price($)
2 133913 1.2¢
 

Sellers (Offers)

Price($) Vol. No.
1.3¢ 1525888 3
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Last trade - 15.59pm 11/11/2024 (20 minute delay) ?
LEG (ASX) Chart
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