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...
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
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
Bullish divergence sighted. If price break the resistance with high volume, potential reversal of downtrend to uptrend.
For monitoring and study purpose.
