Hi,
I would really appreciate if someone could look at MOL and LYC for me please. I havent sold out of these LT positions yet, but am wondering if on Monday I should.
MOL held up well on Friday closing at $1, and since this stock moves so quickly I dont want to miss a green day (if the DJIA rallies overnight Monday as some predict). I know Robbbbbbb charted this a while back, but guess with the current issues in the states following Obama's speech, then holding this is potentially risky. I.e. higher chance that price will go down that up.
LYC, appears stochs have turned down and price is heading back to some buying resistance at 59cents. Chart appears to be forming a channel (my guess anyway), and needs to bounce of the 58/59 cents price otherwise it will break down to old support around 51 cents.
Hoping for some help.
Cheers, donncham
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- weekend charting 22/01/10
Hi,I would really appreciate if someone could look at MOL and...
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