Hi cookie, good holiday ?
Glad you brought this back, i'm getting very itchy fingers on LOG. missed it last time,went for MYS instead.
Agree with John. If the NAZ ends ok tonight there could be potential for quick profits.
I'd prefer a bit more downside first though.
Lets be careful. Apart from the first hour i'm out tomorrow so you can understand which way i'd prefer it to go.
Fundamentally there is absolutely nothing amiss with LOG.
We followed log all day at the chatroom as Dayraider and Nobrainer were in…unfortunately earlier when the price was above 1500..
There are no 6m buys at close…buys: 1,530,270 sells: 1,089,643 ?: 42,707
Intraday high: 1545 (early morning), low: 1445, climbed back to 1510 an hour before closing at 1465..orders left on L2 order book: buys: 68k, sells: 59k
Can’t see anything positive chartwise..all indicators I use point to a reversal, as John says, breaching lower bollinger band is something log has done a few times in the last 3 times…this time bollinger bands are widening and the lower and 20 day ones are also heading down sharply…there could be a dip here unless the market rallies tomorrow…we’ll sure be watching it for a good chance to get in only when the hammering comes to an end…
Adding to my post above UBS also changed its strong buy advise to buy…not reiterating buy…looks like ukinvest got it wrong…
I think we need to find out the reason why for UBS downgrade just in case it is something fundemental…