Text me if you have any questions/comments for me.
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LIC
- Previous analysis was done on 27 Oct (red arrow) - Suggested waiting for a successful rebound to 23.50 levels before plotting entry
- Since then, the stock is stuck in No Man’s Land with the short-term average proving to be a resistance while the mid-term average is a strong support
- A strong break of the mid-term support would likely be a Structure Break
- A successful recovery looks to be around 22.60 levels
- R is borderline 10%
- Strategy-to-buy (DYOR) – Suggest waiting for a successful rebound before plotting entry
-----
LIC
- Previous analysis was done on 27 Oct (red arrow) - Suggested waiting for a successful rebound to 23.50 levels before plotting entry
- Since then, the stock is stuck in No Man’s Land with the short-term average proving to be a resistance while the mid-term average is a strong support
- A strong break of the mid-term support would likely be a Structure Break
- A successful recovery looks to be around 22.60 levels
- R is borderline 10%
- Strategy-to-buy (DYOR) – Suggest waiting for a successful rebound before plotting entry