LNC 0.00% 99.5¢ linc energy ltd

guess the date of sale, page-37

  1. 1,397 Posts.
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    LNC looks a lot stronger than weaker at the moment on the weekly chart... and I will expect this will continue in future weeks.

    For the next couple days... it could go either way. I would point out though that the volume for the 4 or 5 days before yesterday was considerably elevated. I think some of this may have been traders... but my gut is telling me some of it was also some decent accumulation.

    Yesterday's small drop on much lower volume looked pretty obviously to be short term traders shifting out again... nothing that really affects where it will go from here. The fact that it fell on low volume, and rose on high volume shows pretty convincingly its the buyers who are in control at the moment.



 
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