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Hi C, I'll need a bit longer on this to follow it properly, but the gist is there.Re LHG (bare in mind I am V new to T/A so go easy on me ).............Just had a look at the last 6 months chart, Notice the sp has another resistance area of around mid $2.60's.........assuming that LHG is very dependent on gold price, would you consider "easing" your stop loss to say low $2.60's to give a little more flexibility ........the current pattern from mid September to present seems very similar to the pattern of mid July to mid August, where the sp drifted a little lower but recovered strongly by 5-8th September........I know this is not "tecnical" analysis, but it would only take an average rise in gold to spark LHG up............Funnily enough, when I started writing this, Gold had opened up about $6 higher, and now is up about $11 ............this should obviously help in the short term.........Also , considering gold took a beating yesterday, and LHG held its own on good volume, that would give some hope I guess??.........The next couple of days will tell a better story I spose?.......Just talking out a loud here, but if I make any sense let me know, and feel free to criticize incorrect judgements/asumptions, Cheers Barney.
Hi C, I'll need a bit longer on this to follow it properly, but the gist is there.
Re LHG (bare in mind I am V new to T/A so go easy on me ).............Just had a look at the last 6 months chart, Notice the sp has another resistance area of around mid $2.60's.........assuming that LHG is very dependent on gold price, would you consider "easing" your stop loss to say low $2.60's to give a little more flexibility ........the current pattern from mid September to present seems very similar to the pattern of mid July to mid August, where the sp drifted a little lower but recovered strongly by 5-8th September........
I know this is not "tecnical" analysis, but it would only take an average rise in gold to spark LHG up............Funnily enough, when I started writing this, Gold had opened up about $6 higher, and now is up about $11 ............this should obviously help in the short term.........Also , considering gold took a beating yesterday, and LHG held its own on good volume, that would give some hope I guess??.........The next couple of days will tell a better story I spose?.......
Just talking out a loud here, but if I make any sense let me know, and feel free to criticize incorrect judgements/asumptions, Cheers Barney.
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