LNC 0.00% 99.5¢ linc energy ltd

falling price, page-2

  1. 510 Posts.
    falling price - it may well be as simple as : -

    1. both daily and weekly stockastics are at around 95% (very overbought) ... and other major indicators MACD and Relative Strength (also VERY High & overbought).

    Perhaps just some people just taking some cream, which has been flowing very fast of late. Remember as fast as this company goes up - it goes down - so there would be alot of people out there who have been holders for a long time that have been burnt - so happy to take some profits. That is my take - I sold around half (but way too early) ... wish had not sold of course - given the recent run - but given I can not predict the future - a profit is something I won't get too negative on.
 
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