LGO Update chart and views

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As a result of some bad news, namely dropping $1.5million down a well which could have added a lot to the LGO cash flow.

Here is a chart.

 

The money flow indicates that a heavy level of buying has began at LGO.

The true strength indicates that the company is very much over sold.

The aroon indicates that the bottom isn’t far off or could have already been reached, if the up moves to the 50 level I would suggest that a strong upside is likely.

For anyone stuck in LGO then I hope you managed to average down at the bottom.

For those looking to invest I would suggest that the downside would be limited and that the upside could be post 50% from here.

I hope you enjoyed this and as always.

All in my opinion and not to be taken as fact nor advice.

Always seek professional advice before investing in any company.

Anthony Wintle

Investment-talk.com Founder

ADVFN oil and gas pipeline author

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Comments

  1. Dave E Beach says:

    Its a Lenigas Pump and Dump,always has been.

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