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Linn Energy, LLC Message Board

  • bluedreamdreamer bluedreamdreamer Jun 18, 2013 10:52 AM Flag

    support on chart: 28.5, 27.7, 24

    since the recent low was just broken, what are next levels of support from the chart?

    one has to go to 2010 to find support, so that is iffy (stockTA site does not even list levels of support). That said: Aug 2010 shows support at 28.5; May 2010 shows support at 24

    in Aug 2011, price dropped 7.1 under the 50 day moving average before snapping back. Right now, the 50 day MA is at 34.79, implying downside to 27.7

    although price is already at the lower channel of a 2 standard deviation Linear regression fit of the daily and weekly charts (and also very oversold by all indicators I follow), the lower channel on the monthly chart is currently at 24.4

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