LGL is now in a well-defined downtrend, with all indicators being consistent with this fact.
I sold half of my holding (large-ish six-figure number of shares) a few weeks ago for $3. This was at a very nice profit, as I've had my LGL shares for a long time, and at a much lower average buy price.
Today, I sold the rest, still at a profit, albeit a smaller one.
So I've made some decent money out of LGL, but this thing is going nowhere but down at the moment, and the head-&-shoulders pattern on the chart would be consistent with this view.
Today's price hit the low of 20th April, and I have no wish to see my profits dissipate any further.
So I'm out. But if LGL shows a good turnaround, and breaks upwards into a well-established uptrend, I'll be back in. But I can't quite see that happening for some time.
downtrend
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Last
$1.45 |
Change
0.000(0.00%) |
Mkt cap ! $176.9M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5663 | $1.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.46 | 14375 | 1 |
View Market Depth
| Last trade - 16.12pm 05/07/2024 (20 minute delay) ? |
| LGL (ASX) Chart |
Day chart unavailable