LEI 1.67% $20.71 leighton holdings limited

Took a quick look at my chart, bounced off support at 18.85....

  1. 1,811 Posts.
    Took a quick look at my chart, bounced off support at 18.85. High was the downtrend channel and since then pulled back a bit.

    This candle closes out some action from the 11th july, you can pick up a small up channel from then to today. Does this mean the stock is turning round? Idk, needs to break through resistance which currently stands at $16.44, otherwise we continue the grind down.

    Interestingly in about 2 weeks the longterm channel and support should meet, so we will either likely see a bounce or a break of this support. A double bottom would be great at this point.

    Looks like this could all coincide with their report coming out in august...
 
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