LKOH trade ideas
Lukoil LONGWelcome to our Daily Analysis, where we breakout the best course of action for a given price stituation of a stock.
This week we will be interested by Russian Stocks, while the main topic of today being the LUKOI L price.
The prices were falling throughout the last few days, but rest assured it will not go for too long as the prices are bound to go up (Confirmed by the volumes & the breakout of the average volumes).
Nature of The movement : Bullish in a short term horizon, ( 1/2 days)
Best course of action :
If you're a seller : we don't recommend holding the stocks (expect if you're willing to wait for the bullish movement to stop)
If you're a buyer : hold or buy more.
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LUKOIL (LKOH) Perfect Example of Accumulation
Lukoil is trading in a bullish trend.
for more than 1 month the price is consolidating within a wide horizontal trading range.
based on the preceding price action our bias is bullish here and we are waiting for a bullish violation of the range.
daily breakout will trigger a buying reaction and the price will most likely keep growing.
next goal will be 5800!
Continuing on selling The LUKOIL StockThis stock is still under selling pressure, The selling pressure is clear on Volume, RSI also showing several continuing down movement diversions
LUKOIL is to PAYHey traders,**DISCLAIMER** content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. LUKOIL is in a continuous attempt to pull back, it may turn around !!
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i should be trading my ideas at some pointat this point im bearish on everything... oil prices might reach as low as 17$ and this russian company might see some some rejection cuz of it... this is still bearish if u ask me...
Flipping from short to long in LKOHI am closing my earlier trade with 0,08% (of total account) loss because price action on lower TM signalled that my analysis seems to be wrong.
Triangle is still worth a trade, so I reconsidered my count and opening trade in the opposite direction.
Position size: limited by the rule that holding of a single company should not exceed 5% of the total portfolio,
Risk on trade: 0,10% of the total account
Risk reward: 3.0
Exit strategy; close 100% at TP
Duration; 1 week. Daily monitoring.
Accelerating the LKOH trade 2020/8aI have noticed something that I think is ABC pattern which allows to effectively double the previous trade while keeping the same risk exposure.
ABC pattern is confirmed by divergence with indicators and by PA against support level on 1H chart.
Moving stops and doubling the position. Everything else is as per 2020/8 trade.
Risk reward has gone up to 5.8
Shorting Lukoil #2020/5Surfing charts I stumbled upon a geometrically clean triangle. Will attempt shorting MOEX:LKOH .
My rules cap exposure to one company at 5% of the portfolio. It limits the risk of this trade to just 0,17% of the total portfolio. Good, because shorting is not my strongest skill + the trade will involve some cost of short selling.
Pattern: triangle in something looking like a 4rth wave.
Exit strategy: 5th wave often equals to 1st wave and also to the widest part of a 4rth wave. Exit with fixed TP.
Horizon: 1 week
Chuvashov's fork and channel bounce$LKOH 4H has broken and retested Chuvashov's fork (orange line) after the bounces from the top of the trend channel. Expecting further downside to the bottom of the channel or lower, if megaphone formation plays out.
Lukoil Stock: Possible Long Term ReversalLukoil is a Russian oil company with shares traded on the Moscow Exchange. Stock prices are nominated in Russian rubles, instrument's symbol is MOEX:LKOH.
During the recent years the Lukoil stock had a pretty good uptrend, and even made an all-time high this January. But the things are turning south, with signals of a long term trend reversal. Look at the weekly chart.
Bearish divergence
The stock made new high, but the RSI indicator showed a lower high, which means we have a bearish divergence: a pretty strong signal of a trend reversal. The price is likely to go down during the next 3-5 years. Of course, some bounces are still possible.
Support of the parabolic curve
The price still has some strong support, at least to provide a bounce: the parabolic curve. Since 2010 the stock price always had a bottom at this line and then a new wave of the uptrend happened. So, be careful: don't sell when the price is at the curve.
Once the curve is broken, things can get ugly. But don't forget that this is a long term view, just to see "the big picture". Short term uptrends are always possible as the price can't go straight down forever.
Lukoil look up in the futureIndifferently, there is clearly a change in the configuration of the oil market,. so now speculating :
This could go back to higher levels of which is favored reflection to Russia, (oil industry), the chart could a possiblle pull back.
To once again see an rise escalation.
