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Lucara Diamond Corp T.LUC

Alternate Symbol(s):  LUCRF

Lucara Diamond Corp. is a Canadian diamond mining company with a producing mine and exploration license in Botswana. It is an independent producer of large Type IIa diamonds from its 100% owned Karowe Diamond Mine in Botswana. The Karowe Mine is the focus of the Company's operations and development activities. Its 100% owned Karowe mine is a producer of large Type IIA diamonds, more than 10.8 carats, including the historic 1,758 Sewelo, the 1,109 carat Lesedi La Rona and the 813-carat Constellation.


TSX:LUC - Post by User

Bullboard Posts
Post by Realstoneon Jun 30, 2016 4:56pm
266 Views
Post# 25013930

Lucara still on track

Lucara still on trackOn the LUC.TO price chart, draw an error channel (freestockcharts.com is good) from January 7 of this year to April 13 with a 2.5 Std error.  If you don't have access to a chart that has the error channel indicator, draw a trend line with the same two dates using the low of those dates as the two price points, then draw a line above and below the first line at +7 cents and -7 cents from the first trend line.  You will see that the price exited from the channel to the upside from mid April until just a couple of days ago, and has closed today right on track (if you extend the first trend line).  Barring any big news events, I see this trend channel continuing.
Bullboard Posts