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LUKOIL (LKOH) Perfect Example of Accumulation

Long
LUKOIL (MOEX:LKOH)  
VasilyTrader  
MOEX:LKOH   LUKOIL
Trend Analysis Chart Patterns Wave Analysis Stocks indexes Equity trading fundamental-analysis S&P 500 (SPX500) nasdaq NASDAQ 100 CFD US30
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trendanalysis chartpattern waveanalysis stocks indexes equity trading fundamental-analysis spx500 nasdaq nas100 us30
snapshot

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!





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