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Lansdowne Oil & Gas (LOGP): 2011 Price Channel Bear Trap Rebound

By Zak Mir | Tuesday 11 June 2013


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


As is perhaps par for the course as far as stocks on the move are concerned like Landsdowne Oil & Gas, it tends to be the case that they move so fast, they can slip through your fingers. However, the positive fact here is that in the wake of a bear trap from below the floor of a rising 2011 price channel at 45p we would appear to have plenty of upside on tap here in term of a new rally.


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