LNC
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0.00% 99.5¢ linc energy ltd

Gents, did anyone catch the short wave I was referring to? The...

  1. pcyc
    169 Posts.
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    29/08/13
    23:13
    Post #: 12263841
    Gents, did anyone catch the short wave I was referring to? The triangle has been broken to the down side. Expect more sharp drop unless we hear any good news.

    Nice set up and I predicted this prior to the breakdown - not that hard to recognise for a low risk entry (good balance of risk/reward).

    Given Syria crisis this just add to the bearish weight for shorts to continue esp with global equity. Buy sell depth is not looking too good.

    Ready for the final short term DN wave to $1.44 area.


    cheers
    pcyc
    LNC Price at posting: $1.52 Sentiment: Sell Disclosure: Not Held
    Likes Created with Sketch.  Upvote
    lightbulb Created with Sketch.  Great analysis
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