LUM 0.00% 2.3¢ lumacom limited

gaga

  1. 10,543 Posts.
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    Hi gaga,

    nothing particularly worrying at this stage about LUM. The buying frenzy of the last month has understandably pushed the stock to be showing overbought for the last two weeks but that cleared with todays price action.

    In theory at least the next upward target would seem to be around 46c but there has been no retracements completed since this stock commenced its run from 5c in Sept 02 so a full retracement now would need to see a fall back to 18c.

    Anyway, I'll go the long shot and say maybe a breather then a last assault for 46.

    I do not hold. Goodluck to those that do.

    Cheers,
 
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