Wow! That was vicious.
LGL is suffering from some serious technical damage (as is the gold price).
While you can always hope it'll spring back into a positive trend, it's just that - hope. I wouldn't even think about buying, unless it can start clawing back above one or more of those power downtrends.
Having said that, I'm holding, because I bought most of my stake at a much lower level and I don't believe the "gold is going back to $US700" crowd. $US gold bounced hard up off its 38.2% retracement this evening and, as I type, the Euro has rocketed to new highs.
If LGL bounces tomorrow, it will take out at least its most recent power downtrend and might start to look like a buy again.
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Last
$1.75 |
Change
0.000(0.00%) |
Mkt cap ! $213.6M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 607 | $1.65 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.76 | 372 | 2 |
View Market Depth
| Last trade - 16.14pm 20/06/2025 (20 minute delay) ? |
| LGL (ASX) Chart |
Day chart unavailable