VasilyTrader

LUKOIL (LKOH) Perfect Example of Accumulation

Long
MOEX:LKOH   LUKOIL

Lukoil is trading in a bullish trend .
for more than 1 month the price is consolidating within a wide horizontal trading range.

based on the preceding price action our bias is bullish here and we are waiting for a bullish violation of the range.
daily breakout will trigger a buying reaction and the price will most likely keep growing.

next goal will be 5800!





Comments

Unfortunately you were wrong, you might forget about dividend gap
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Very good analysis with good chart !
Just look at volume for accumulation.
Nice guy !
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VasilyTrader pring2751
@pring2751, thank you my friend!
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How long will we trade within this range?
what do you think?
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