As of 20 November, 2020, LBICAP has been strong uptrend as suggested by the upward sloping 20 and 50 MA. However, we have to be careful as the recent price action broke the support level. This breakout accompanied by higher than average trade volume which shows bearishness of the trader to push the price lower an past this support hence pointing to a higher...
As we can see price unable to break support for the third times, due to that i am expecting price to climbing up to 0.790 the stating point price goes down . As long price not making lower low than 0.345 is good to go. The first hurdle will be at 0.525.
