ACL.N - ACL CABLES PLCDisclaimer: This chart and analysis are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations. Do your own due diligence before trading or investing in this stock.
Share price is struggling to break the resistance zone.
The dotted ascending triangle pattern is intact. We need to watch how this line will be held.
Bollinger Bands are starting to squeeze too.
LIOC.N - LANKA IOC PLCDisclaimer: This chart and analysis are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations. Do your own due diligence before trading or investing in this stock.
Share price is looking for support at current resistance zone.
If this zone holds we will see a promising movement towards next levels.
LIOC.N - LANKA IOC PLCDisclaimer: This chart and analysis are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations. Do your own due diligence before trading or investing in this stock.
Rejected by the Resistance 172.00-179.50 the share dropped with low volumes.
MA 20 looking to cross the MA 200 to create a death cross.
We are now looking at the golden pocket support zone. Previously the stock had bounced back after reaching this zone.
LIOC.N - LANKA IOC PLCDisclaimer: This chart and analysis are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations. Do your own due diligence before trading or investing in this stock.
The share price moved up breaching the important resistance zone. Maintaining above this level is very important so that the upward momentum can be maintained.
Meantime it has created a falling wedge pattern too which is also another bullish signal.
LIOCMarket is being going through a roller coaster due to this guy!
its currently being absorbing heavy liquidity below 165, tomorrows close is vital.
pros.
small timeframes flipping bullish 1hr and below
making a small falling wedge
possible double bottom pattern
most negatives are being priced in
cons.
trading below 200DMA
previous support at 170 (descending triangle) will act like hard resistance
if you are longing make sure to DCA and buy in portions