Sponsored Links

To retire by age 45, start with a plan.

"Is early retirement the right financial choice?" Jim Ellis discusses long-term financial growth strategies. I have blogged a...

Past blog posts now load week by week. The old style created a problem for some as the system would load 50 blog posts each time. Hope the new style is better. Search archives in box below.

Archives

"E-book" by AK

Second "e-book".

Pageviews since Dec'09

Recent Comments

ASSI's Guest bloggers

LMIR: Gravestone doji.

Wednesday, July 7, 2010

After a valiant attempt to break out of resistance in late June as price hit a high of 48.5c, LMIR has retreated to close at 46.5c today, forming a gravestone doji in the process.  This took place after a session of high volume buy ups yesterday when a white candle was formed but ultimately, the price was resisted by a combination of the 20d and 50d MAs at 47c.




It is clear from the OBV that since hitting a high of 48.5c on 22 Jun, there has been greater distribution than accumulation of units of LMIR.  The RSI has been forming lower highs which suggests a sustained momentum in the price decline. The MFI enjoyed a brief bump upwards yesterday as volume rose on a white candle day. It has, however, turned down again today. The MACD is below the signal line and looks set to cross into negative territory. The technicals are, undoubtedly, bearish.

0 comments:

Monthly Popular Posts

 
 
Bloggy Award