ping lockitt, page-48

Hi lgl fans, Have just been reading through the bottom picking posts and thought a might add my 2 cents worth as i am waiting for the bottom to jump on.

In the first chart it shows lgl breaking from a descending triangle and i have been looking for support on the 61% fib @ 2.36 not far away now, If it breaks through there it could find it self inside a historical resistance brand marked with the red dotted lines.



In this chart it shows that the $2.35-$2.15 trading resistance band has been very strong support/resistance in the last 14 years


In conclusion i think we need to see the 61% fib or the top of the resistance band hold as support $2.36 0r $2.34, If not i think price could fall to $2.15 bottom of resistance band.

After that $1.60 but unlikely.

Please dyor as this is just my opinion and not to be taken as advice.