This is not buy call, this is for study only. Waiting for LKL to start move again. Let see
1st Idea : Hit SL. Sorry No LUCK.. Below is my 2nd Idea for this stock: Trading Ideas: 1) Buy now or wait and buy on the target entry zone From Chart: 1) HH formation supported with significant volume 2) Low risk entry drawdown 3) If looking into the bull phase of this stock before - potential to repeat the history if the pandemic situation not futher...
LKL menunjukan downtrend movement since last year. Namun begitu, terdapat pattern ascending triangle untuk dipecahkan. Tayor!
My Prediction using method Chart Pattern + Fibonacci Extension
Seems two times LKL unable to break EMA50,the price goes down..Next is to wait conversion line to cross base line (icimoku). The resistance seem to be week in future as cloud become thinner.
Recent price movement has breached a bearish continuation triangle pattern . We anticipate more selling pressure on the upcoming week. Support levels are seen at 0.265, 0.220, 0.085 respectively. Disclaimer: No trading strategy provided here. Our content is intended to be used and must be used for technical analysis education purposes only
Disclaimer: This is not a buy call but for learning purpose Analysis Potential rebound at trendline Around support
LKL .. price push on support.. can WL this counter ..good for swing () Current Price (CP) : 0.380 Resistance (R) : 0.4 Support (S) : 0.37 Entry Price (EP) : 0.385 With strong buy of 5 Market Depth (5MD) Target Price (TP) : 0.41 Stop Loss (SL) : 0.355
Good Support at 0.355, tips for this counter, leave once hit your TP Resistance (R) : 0.34 Support (S) : 0.31 Entry Price (EP) : 0.355 With strong buy of 5 Market Depth (5MD) Target Price (TP) : 0.38 Stop Loss (SL) : 0.325
Sign of Strength in the chart: 1. High volume Line Change 2. Double NS signal 3. Low volume near 20/40ma Disclaimer This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
I think major correction has found its bottom.
Use 0.35 as support
HC industry recovery or just a small bearish correction? Price close above MA20. Monitor RSI level 40 for possible mark-up phase.
Bullish divergence sighted. If price break the resistance with high volume, potential reversal of downtrend to uptrend. For monitoring and study purpose.