ADVFN Logo

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for discussion Register to chat with like-minded investors on our interactive forums.

LGO Energy – Calm before Storm

Share On Facebook
share on Linkedin
Print

LGO Energy stock (LSE:LGO) is in a tight equilibrium phase, which has been going on for the past several months. The price is quite choppy, zigzagging its way forwards, as long as the equilibrium phase lasts.

In the chart, the price is currently between the Trendlines, and there would soon be a break out of the Trendlines. The RSI period 14 is sloping downwards, now at the level 50. It is very much likely that the RSI would go above the level 50.

Once that happens, it would be logical to conclude that when there is a breakout from the Trendlines, it would favor the bulls, enabling the price to go above the distribution territories at 0.8, 0.9, and 1.00 this year.

This forecast is ended by the quote below:

“When you make an investment in a company, you’re making a compromise between what the company is actually worth and what the market thinks it’s worth. That’s the price you pay for each share. Sometimes this works to our advantage, and a stock is priced below what its fundamentals are worth. That’s a bargain.” – James Altucher

What Super Traders Don’t Want You To Know: Super Traders

CLICK HERE TO REGISTER FOR FREE ON ADVFN, the world's leading stocks and shares information website, provides the private investor with all the latest high-tech trading tools and includes live price data streaming, stock quotes and the option to access 'Level 2' data on all of the world's key exchanges (LSE, NYSE, NASDAQ, Euronext etc).

This area of the ADVFN.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ADVFN Plc. ADVFN Plc does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ADVFN.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ADVFN.COM and is not intended to be relied upon by users in making (or refraining from making) any investment decisions. Authors may or may not have positions in stocks that they are discussing but it should be considered very likely that their opinions are aligned with their trading and that they hold positions in companies, forex, commodities and other instruments they discuss.

Leave A Reply

 
Do you want to write for our Newspaper? Get in touch: newspaper@advfn.com