Galloleous

Galloleous Updated 

Looking at LBC from the perspective of Elliot Waves it is working nicely. Can see wave one can be nicely divided into 5 subwaves up, followed by an ABC correction to finish wave 2. Taking the Fib extension of Wave 1-2 shows us the 1:1 extension level lies just above a rather significant resistance level. Also Note the RSI is showing Bullish Divergence and the...

Galloleous

Hi Guys, saw some other posts about this once and decided to have a crack. After the nice 5 count wave up it has retraced to the 0.5 fib level which has formed a solid support. RSI is showing a bullish divergence from low levels MACD Also showing bullish divergence and about to cross over. Still lacking in volume and could wait for a close above the 55 EMA for...