Open-0.43
Low-0.43
High- 0.455
Close-0.44
Change: 2.33%
Technicals:
-support at 0.40
-trading below 200,60,30 SMA (that goes for most of the mining stocks) see PX and MA...only BC/b seems to be comfortably hibernating on 30 & 60 SMA but still way below 200.
-psyc resistances 0.45, 0.50
-Buy signals on MACD and STS
-volume still below 100M
Actions:
-add more above 0.47
Cutloss level:
-see price action
Trailing stops:
-N/A
New info:
a genuine rally on LC may be seen once favorable sentiment on mining will come back and that is primarily attributable once the Mining revenue scheme will be defined and of course be in favor to the Mining business.
Mining revenue scheme up for Palace approval
Positioning in LC is merely in anticipation of this turn around sentiment
local news:
Benguet govt reviews huge mining project proposal
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