Tuesday, 9 October 2007

LND Sakes!

Many were bullish with LND around a month back. How quickly the tides have turned.


Based on what we see on the chart, it is now caught inside what is known as a diamond. The start is quite volatile with volume increasing then it is consolidating in a symmetrical triangle with diminishing volume. Getting the base for this, we get a downside target of under 70 centavos. Of course the ride downwards won't be one straight line.

There will be supports at 1.16, 1.04, & .90, respectively. Once those areas have been broken, then we might see some sort of a bungee jump...without a cord.

LND HO!

2 comments:

rloinm33 said...

Hello! sir Danny, can you consider this stock a buy at a current price since maybe FED meeting result involved cut rate again. LND made a nice run up to 1.32 the last time there was a rate cut and there is also a story of this related to MEG ?

rloinm33 said...

Hello! sir Danny, can you consider this stock a buy at a current price since maybe FED meeting result involved cut rate again. LND made a nice run up to 1.32 the last time there was a rate cut and there is also a story of this related to MEG ?