AsimMirzaTrader

LLC - Pulling Back to Support

Long
ASX:LLC   LENDLEASE GROUP
LLC seems to be pulling back nicely to the trendline Support at around $11.70, as it has shown strength previously also and made a Higher High. We can also see that it has made a Golden Cross, with RSI in the Oversold region. The High Profile Volume Zone also lies at around $11. 40 , so it seems that the range between $11. 40 - $11.80 should provide good support, and I expect a bounce off soon.

If it does bounce off, we can expect it to go towards the previous highs giving a potential return of 14% at TP1 and 25% at TP2.

Please note these are my own notes, for my future reference only. By no means trading advise to anyone. Please do your own research before entering into any trade.

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