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Doxbin
Mar 31, 2022 3:40 AM

LENDLEASE GROUP | LONG ASSUMPTION Long

LENDLEASE GROUPASX

Description

Hi all. Today I am sharing a quick analysis on ASX:LLC. This analysis is mainly technical but also considers some macro/micro fundamental which I won’t go into depth in this example. I’m assuming that price may surpass the mean and could find resistance at around +1 STD from the two years daily mean than potentially fall back short to find support before potentially pushing even higher to the +2 STD range provided macro/micro fundamentals keep steady. This by no means financial advice and is just my observation and assumption.

Comment

Price has just broken HH at $11.30 and showing strong upside pressure
Comments
zAngus
Well spotted. RSI looks a bit high for me right now but if it gets through this area could be good.

Doxbin
@zAngus, Thanks! yeah it could create a small daily short handle, and potentially another opening for optimal trade entry long for a break to $12.35
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