LOM
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9.52% 3.8¢ lucapa diamond company limited

Xenith69, 40c is a very specific number. Is this based on a...

  1. Duke Prospero
    66 Posts.
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    11/03/16
    11:45
    Post #: 17249959
    Xenith69,

    40c is a very specific number. Is this based on a resistance level you have derived? If so what is the method you have used.

    Personally I have applied a Fibonacci projection to this scenario and have found it to be very accurate on the events of recent weeks for LOM. I have found that support/resistance levels sit at 39c, 44.5c and 50c.

    Interested to know your method that underpins the 40c call.

    Kind regards

    Duke
    LOM Price at posting: 44.5¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 4  Upvote
    lightbulb Created with Sketch.  Great analysis
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