Text me if you have any questions/comments for me.
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LIC
- Previous analysis was done on 14 Oct (red arrow) - Suggested waiting for a retracement and successful rebound
- Since then, the stock has retraced to closed at the short-term support
- A successful rebound look to be around 23.50 levels
- If the stock continues to break below the short-term support and test the mid-term support, setup for entry will no longer be good
- R is less than 10%
- Strategy-to-buy (DYOR) – Suggest waiting for a successful rebound before plotting entry
-----
LIC
- Previous analysis was done on 14 Oct (red arrow) - Suggested waiting for a retracement and successful rebound
- Since then, the stock has retraced to closed at the short-term support
- A successful rebound look to be around 23.50 levels
- If the stock continues to break below the short-term support and test the mid-term support, setup for entry will no longer be good
- R is less than 10%
- Strategy-to-buy (DYOR) – Suggest waiting for a successful rebound before plotting entry