Just remember, since our last TOL announcement we've had:
- Lower high - Lower low - Lower high - Lower low - Lower high - Lower low (86.5c and major support) - Lower high ($1.125) - ???
Major support at 86c hadn't been visited since September last year before our last lower low, so it was a logical place for shorts to cover and go long with the anticipation of Ongkili giving the TOL within two weeks. Now we're back there after a lower high. You'd think there's a good chance we make another lower low. Hopefully not, but nothing in the pipeline in terms of announcements for a while, more delays for PSC debate - surprise, surprise, so shorters have a nice window I think. Could be wrong of course.
LYC Price at posting:
89.0¢ Sentiment: None Disclosure: Held
