Planet Wealth - Australian Stock Market Education » Up Trend Channel LGL http://planetwealthblog.com.au We are a stockmarket investment company that educates people on the strategies we use to create both income and capital growth. Fri, 23 Dec 2011 00:20:36 +0000 en hourly 1 http://wordpress.org/?v=3.1.1 Up Trend Channel LGL http://planetwealthblog.com.au/up-trend-channel-lgl/ http://planetwealthblog.com.au/up-trend-channel-lgl/#comments Tue, 24 Mar 2009 13:24:53 +0000 Planet Wealth http://planetwealthblog.com.au/?p=482
Up Trend Channel LGL

There are few stocks out there at the moment that are showing clear signs of buyers being in control. But with gold on the rise in these tough times, there are a few gold stocks with bullish trends.

LGL has been in an up trend channel for the last 5 months. The weekly chart shows the stock respecting and bouncing off the 2 channels lines which have created major Higher Peaks (HP) and Higher Troughs (HT) along the way. This is a clear sign buyers are in control. Though there is a significant resistance at $3.65 to be cautious of, this stock will remain bullish until the sellers take control with major Lower Peaks and Lower troughs on the weekly chart.

 

240309 lgl Up Trend Channel LGL

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