LNC 0.00% 99.5¢ linc energy ltd

support

  1. 2,480 Posts.
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    Support today we have 150DMA and slight rising trend line from 15 Nov both at about 1.375. If that doesnt hold we have between 2.20-2.26, after that we are sub $2 which would be a mkt cap of about $1b which would be very hard to refuse, especially with latest developments and whats coming.

    Current opening around 2.39, but the depth chart reflects fear with low participation rates either side. It looks like the world is waiting to see if there is a meltdown or not. If meltdown clears, then expect a good snap back.
 
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