RE:Confidence problemHard to argue any of that.
Daily = range $1.62 - $1.71 play the break
If we trade up through $1.90, (Weekly) and break the neg. sloped t/l, look for a test of $2.36, and that's where I think it gets interesting.
Of course if we break the daily range at $1.62, that would call for a test of the bottom of the above listed neg. sloped channel t/l, $1.47ish, and possibly the Dec low at $1.38.
fwiw, arguably not much I know.
and of course we go x divy this week.
tadjames1 wrote: Lucara appears to have a problem. The problem is a lack of confidence in the market. It seems that no matter what the company does, says or is going to do,means nothing to the market. Eira Thomas has not lived up to her reputation and I repeat that when she took over the role as CEO, the shares were trading at 2.78. In my mind, there isn't any news on the horizon that will fundamentally move this stock back where it should be. Where is the growth that most companies strive for such as increased revenues that push the stock higher ? I call this the dead cat bounce. Lucara is the cat the fell from the 19th floor and landed on the pavement. It can't move past 1.70. I haven't heard one thing on this board that can change my mind. Anyone ?