Liontrust Asset Management Plc | Chart & Forecast SummaryKey Indicators On Trade Set Up In General
1. Push Set Up
2. Range Set up
3. Break & Retest Set Up
Notes On Session
# Liontrust Asset Management Plc
- Double Formation
* Triangle Uptrend | ABCD | Subdivision 1
* 50% Retracement | Continuation At 7.130
- Triple Formation
* A+ Set Up | Short Bias At 8.580 | Subdivision 2
* Flag Structure | Forecast Template
* Retracement | Neckline At 4.420 Subdivision 3
Active Sessions On Relevant Range & Elemented Probabilities;
London(Upwards) - NYC(Downwards)
Conclusion | Trade Plan Execution & Risk Management On Demand;
Overall Consensus | Sell
LIO trade ideas
LIO A Value Investment At A Potential Significant Turning point.LIO is now at an area which should provide a spring board for the next move higher.
Looking at some key ratios reveals price is already offering great value here:
PE Ratio 7.7
EV to EBITDA 3.8
Dividend Yield 12.00%
We have the confluence of chart support and trend line support coming into play.
The meeting of these on a technical level usually provides relief from selling pressure and an opportunity for new entries to be undertaken.
Only decisive move below the risk zone would potentially invalidate the idea.
Long term buy and hold
Liontrust - LIO - time for a pause?I called for a continued uptrend in this UK stock back in January 2018 and things have pretty much gone that way. With the general euphoria of the last few days in the UK markets with a Conservative landslide now might perhaps be a good time to be a bit contrarian. Either that or get egg all over my face. This count suggests that we may have topped in wave 3 and be due a 4th wave correction. I have included a 'more bullish' red count although that also is calling for a decent correction. Let's see.
Liontrust LIO - strong breakoutThis UK share is breaking strongly out of resistance going back to the year 2000 and this accompanying EW count suggests a very bullish outlook for the share. I haven't really tackled the count for this one on a shorter time frame and it looks like it may be due a correction any time soon but this weekly chart......
Liontrust - decisive breakoutThis UK share has broken decisively above resistance dating back to 2000 on my charts and this EW count is presenting a very bullish outlook for the share. As ever with EW there are other counts that might suggest that it is already completing 5 waves up but I am inclined to go with this far more bullish count.