As we all know, the general market for the past few days has been very very volatile. ( more to the downside than the upside). This caused many investors like me to stay by the sidelines as it seems like we're just facing a losing battle. However, i still need to earn the money and i still want to make money out from the market. Here is one of the stocks that i'm eyeing
L&g seems to have consolidated from a high of 0.535. After the release of the quarterly report ( 31/12/13),
its price movement was downwards ( for 5 days). However, the 50 day m.a acted as a crucial support, though volume was thin during the rebound. The crash from 0.535- 0.465 was accompanied by huge red volume which may add pressure to a downtrend.
Strong Support can be seen at 0.425.
Personal opinion- i truly believe that L&G will hit a high of 0.60 by the end of this year. (if a major world wide crash does not happen). It may be a *slow counter* as the property sector isn't a favorite for the year 2014.
