LNC 0.00% 99.5¢ linc energy ltd

game over?, page-2

  1. 2,480 Posts.
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    Yes, it all is looking pretty ugly. Suggested targets are:

    $2.37 being the next lower low, and 38.2% fib retracement,

    $2.26 Jan low, and start of the previous support line broken 3 days ago at $2.74,

    $2.09 being fib 50% retracement. $1.80 being 61.8% fib.

    The surprise of the verocity of this current drop has been surprising. I have expected a shakeout, but when is there enough blood in the streets to entice some value buyers back in. Usually after a break of support, the market goes back to test that line. The falls have been so swift and deep that this has not occurred yet, and any rise may not go that high.

 
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