I'm not much of a share trader, I prefer futures and options, but i've come across a chart with some interesting statistics.
LHG has been trading in a range for all of this month. In fact it's been trading with the lowest volatility for a year. When this happens we usually see an explosive move for the next few weeks.
The Question is which way.
The case for an up move:
Oversold and Divergence with the slow stochastics.
Doji star two days in a row, yesterday significantly on 200 day moving average.
On balance volume trending up since October.
The case for a down move:
Macd negative with a recent sell signal.
ADX sell signal triggered yesterday.
Price Close below support and 200day M.A.
Don't know fundamentals, % hedged and at what rate.
And I haven't done a correlation test to see how closely it tracks the price of Gold. But I believe gold is in a greater up trend with some short term weakness.
So take your pick and go CFD's.
If anyone has any views on LHG please reply.
- Forums
- ASX - By Stock
- volatility and price at crossroads
LHG
unknown
I'm not much of a share trader, I prefer futures and options,...
Featured News
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
Currently unlisted public company.
The Watchlist
VMM
VIRIDIS MINING AND MINERALS LIMITED
Rafael Moreno, CEO
Rafael Moreno
CEO
SPONSORED BY The Market Online