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.
LEI Price at posting:
$15.94 Sentiment: None Disclosure: Not Held