Technically 54c is on the 61.8fib retracement from 14 june low of 30C and could indicate the bottom. As for low volume that goes both ways! Falling price on low volume is bullish after a large rise! The current rise, 13.7M shares with the retracement acconting for 3.3M shares traded. Noting that 80% of shares held by top 20 that puts about 11M shares up for sale. On these statistics you would have to be pretty confident that 54c will hold! Classic flag formation with an initial target of $1.15 approx. Traders will be watching for a breakout of the flag over the next week!
LCG Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held