jangseohee

LYB, follow up trade

Long
NYSE:LYB   LYONDELLBASELL INDUSTRIES N V
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1
3 months ago, when i posted this my short was triggered at 112.21, that was due to bearish divergence.
Waiting patiently for this overvalued stock to tumble, i can roughly see the current downtrend channel
after falling for almost 40% i am seeing a potential Class A bullish divergence developing.
the highlighted lower channel support is where i intend to collect my remaining 25% of my profit and turn bulls

The 1st inverted hammer has signaled that enough is enough from the bulls

Comments


price and indicator both making a triangle ^_^

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what a trendline support
will check where price open
Reply

will take profit if it falls below the range
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