LEI 1.67% $20.71 leighton holdings limited

Bit of a dog this one, but take note: 5yr chart, 15.76 LOW. It...

  1. 1,811 Posts.
    Bit of a dog this one, but take note:

    5yr chart, 15.76 LOW.

    It could very well bounce of this. If it heads through that level with conviction then its going down to at least $7.

    $15.79 Is the long term support. Otherwise very scary 5yr chart!!

    Been in a downtrend for last 5 years.. ..small channel last 3 years. Can trade highs and lows but GFC and European problems + bad projects are not boding well for LEI.

    Ah December 2007 - $63!

    Trade the waves, trade the waves but not a long term investment.
 
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