downtrend, page-11

G'day Nightstalker.
M8, I am no chart expert by a long way, but what I see in the LGL chart is a cup and then a handle but the handle instead of breaking up, as I would have normally expected, morfs into a bull flag.
To me that bull flag is a very strong bull signal.
To see what I mean have a look at the chart for LNG which has an almost identical line chart OVER A YEAR and see what has happened to it in the last couple of weeks. The same cup is obvious and the handle becomes a bull flag finally dropping away until suddenly it takes off and breaks out cutting quickly through the top trend line of the bull flag.
I would expect that LGL will do the same thing soon.
The price of gold could well correct again soon and put paid to my theory or the Aussie dollar could strengthen rapidly, and I repeat again that you should take what I say with a grain of salt, but I for one will be watching LGL's chart really closely. It is getting close to the bottom trend line of the bull flag and if it turns up then-HALLELUJAH BROTHER, WE MAY WELL BE DELIVERED TO THE PROMISED LAND!!!!!!.

Kind regards

Lockitt

Kind regards

Lockitt