LMG 7.32% 3.8¢ latrobe magnesium limited

madmacs chart and thoughts, page-8

  1. 25,374 Posts.
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    re: rogues chart and thoughts ah ha


    thought this one rang a bell

    cant believe I didnt mention concerns over spasmodic volumes and Gaps
    but it went on its merry way
    formed a double bottom and away again with bugger all news driving it, recently at least..
    Funny I have a lot of chart templates like this with some variations but basically following the ASX as a driving influence.

    My view is supportive with that backing depth looking very solid if its genuine.Fuk the gaps eh....lol
    7.7% tics means tight stops,
    PS the 1mills in the bottom of the supporting depth doesnt look like a prop does it??
    I would not know not having watched this closely

    be very careful as a 1.4close will be a bearish Harami cross and possibly trigger the 1.3 gap retrace..
 
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