LGO longreach oil limited

re:rt chart Didnt much like the fib placements but thats the...

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    re:rt chart Didnt much like the fib placements but thats the best I can do, Im affraid that even a VWAP today of 2.47 in such a flat day, may not hold the retrace. Then again its only got to go to 2.2 to fill the gap so if you still hold its bugga all extra to lose..
    generally speaking in my experience if the common 50% retrace doesnt hold 61.8 is the last chance or the stock is usually Gonski.. In this case the longer term fib shows 61.8 support at 2.2.
    How long has the 1mill been at 2.3 is it a prop?

    cheers

 
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