weekend charting 29-01-10, page-6

Hi all,

Here's a simple one for LGL.

I've used the 150EMA, which was great support and also acted as the neck line for what looks to me like a head & shoulder pattern.
That has failed to hold, as has the uptrending (blue) line.
I'm also of the opinion that as of today's close, the $2.80 support has also failed.
So, I see the next horizontal support at the $2.40's

Cheers,
10cents