Hi there,
averaging down at 2.15 or even 1.80 might be an option since there are large gaps resulting of panic buying.
The last few days the first row like goldcorp, barrick or newmont already moved the way which LGL still has to do.
Since these thoughts are very unpopular currently and gold will retest its lows it might happen.
Gold will fall? Sure, in this ugly finance market with endless money printing everyone thinks it *must* go up - so it will do the opposite and falls beneath official 'chart bottoms' ... driving the long term gold bulls mad. Until the last bull throws the towel...
Regarding the chart technicals LGL is behind the big ones mentioned above. Once the MACD crosses LGL goes down to 2.15 which is my first mark to average down.
My Opinion: Hold up your hand @2.15 and @1.80 which is not so unbelieveable these wicked days.
Zven
Hi there,averaging down at 2.15 or even 1.80 might be an option...
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Last
$1.41 |
Change
0.010(0.71%) |
Mkt cap ! $172.1M | |||
| Open | High | Low | Value | Volume |
| $1.40 | $1.41 | $1.39 | $9.782K | 6.992K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 923 | $1.41 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.46 | 14375 | 1 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| LGL (ASX) Chart |