LLC - LendLease Group

[Garpal Gumnut]

Breakout failed following results. Expect buyers to return around major support - $11.00ish

I would agree.

gg

 

[peter2]

You two were spot on thinking that buyers would appear at $11. Since then there's been a higher low and the chart looks quite bullish. It's quite possible that LLC gets back to $21 in a few years.

 

[Smurf1976]

Some mainstream news media coverage on this stock raises both good and bad points:

https://www.smh.com.au/business/com...bn-construction-pipeline-20190606-p51v8d.html

 

[Smurf1976]

I'm seeing two sides to this at the moment and wondering what others think?

A higher high and a higher low = that seems OK.

But then the company's in the construction business at a time when the economy seems to be wobbling and smaller construction firms are going bust. Hmm....

Anyone have any insights?

 

[peter2]

I'm a sucker for a reversal opportunity, but LLC looks sick at the moment ("sick" as in ill, not "sick" as in great). It's got to be given time and room to move as price recovers from the impulsive selloff ($21 - $11). It's going to take more than one year to recover and I agree that the current economy may delay that.

The one thing that I don't like is that LLC was sold off last week while the market rallied. That's not bullish in the short term. You can see the XAO line in the daily chart. LLC followed the index until last week.

 

[tech/a]

For what it’s worth
Word in the civil industry is that
LL are bleeding $s.
Rumour.
Buy the rumour—-sell the fact?

 

[Trav.]

Another one from my scans today that looks interesting and I see that it has some interest in this thread. Still working away nicely to fill that gap @ ~ $17.

 

[Garpal Gumnut]

It would not surprise me to see an opportunistic takeover occur of LLC.

It is turning in to an REIT.

Meanwhile the chart is in the eye of the beholder.

Buy at the bottom of the channel and sell at the top until it either tanks or goes back up over $20.

gg

 

[Garpal Gumnut]

Just a follow up chart on LLC.

I do like symmetry.

LLC looks as if it set to either
1. Fill the gap and jump up to $18+ out of this channel (a parallel jump of the channel width) or
2. Meander back down to the low to mid $13 mark.

gg

 

[Garpal Gumnut]

There is some resistance to overcome at $17-$18, thus my reluctance to suggest higher.

Previous support = Present resistance.

And it fits in with a new channel commencing at equal width above the present.

Or nothing may happen and it will wander in the channel up, or fall to a lower channel of equal width.

gg

 

[Garpal Gumnut]

I am surprised more of the bulls at ASF are not in to LLC.

It's a perfick channel trade.

Buy at the bottom and sell at the top. Possible 33% gain since March.

gg

 

[Garpal Gumnut]

I still await the crash.

LLC on my radar.

A good one for the bulls at $13 high +

I'll be in there close to $10 high+.

gg

 

[Garpal Gumnut]

LLC seems to like this channel as it progresses up.

Be aware it may break down through it to a parallel lower channel of equal height.

I’m unable to post a chart as the phone has cost me half a pack of Winnie blues for the day and no channel charts available via Queensland Corrections Wi Fi here at “ The Creek “ I may complain to Jackie Trad if she clears Border Patrol.

gg

 

[Trav.]

@Garpal Gumnut looks set for another positive wave up to the + $15.50 mark.

 

[Garpal Gumnut]

@Garpal Gumnut looks set for another positive wave up to the + $15.50 mark.

View attachment 96705

Thanks @Trav.

I'm posting this just before the bell.

Again LLC is following this upward channel, and has declared a decent divi on top.

Buy at the bottom of the channel and sell at the top, or just hold, if it drops below the channel reconsider.

Should it move up beyond the channel it will often form a new channel of equal width.

gg

 

[Trav.]

Very nice mate, now I'm wishing that I jumped on board

closed nicely up $1.47 (10.86%) to $15.01

 

[Klogg]

For what it’s worth
Word in the civil industry is that
LL are bleeding $s.
Rumour.
Buy the rumour—-sell the fact?

All civil construction/eng firms are taking a hit. The cross yarra partnership [CYP] took a massive loss due to project over-runs, and John Holland are the lead firm.

2-3% profit margins, lumpy revenues and massive risk - it's a horrible business to be in.

 

[tech/a]

It’s tough
But there are good times.

 

[Garpal Gumnut]

For those of you following the LLC thread recently the last two days action must have been interesting.

Larger volume, large price rises and a gap up today.

LLC is however still in it's trading range, Donald Trump is yet to have his first double quarter pounder meal of the day, Vlad is flying back from Paris and Xi Peng is working on conquering the East ( all of it ).

So do not get carried away unless imo LLC breaks through the top of the range and possibly retests if you are conservative.

Today's gap may also need to be filled.

Also if the Donald gets a Burger King instead of a Quarter Pounder, Vlad decides to take out the Ukraine or Xi Peng gets knocked off by MI6 we may be looking at the lower channel.

Exciting stuff.

A chart.

gg

 

[sptrawler]

For those of you following the LLC thread recently the last two days action must have been interesting.

Larger volume, large price rises and a gap up today.

LLC is however still in it's trading range

From your chart GG, there appears to be quite a bit of money to be made, just trading the troughs and peaks.