LHG unknown

volatility and price at crossroads

  1. 280 Posts.
    I'm not much of a share trader, I prefer futures and options, but i've come across a chart with some interesting statistics.

    LHG has been trading in a range for all of this month. In fact it's been trading with the lowest volatility for a year. When this happens we usually see an explosive move for the next few weeks.

    The Question is which way.

    The case for an up move:
    Oversold and Divergence with the slow stochastics.
    Doji star two days in a row, yesterday significantly on 200 day moving average.
    On balance volume trending up since October.

    The case for a down move:
    Macd negative with a recent sell signal.
    ADX sell signal triggered yesterday.
    Price Close below support and 200day M.A.

    Don't know fundamentals, % hedged and at what rate.
    And I haven't done a correlation test to see how closely it tracks the price of Gold. But I believe gold is in a greater up trend with some short term weakness.

    So take your pick and go CFD's.

    If anyone has any views on LHG please reply.



 
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