LC bullish after the drop. Did it hit the bottom already?
The 0.50 target (LC’s headwind done. Looks like the sky is clear?) has since been compromised when LC’s Kijun Sen line on weekly chart bent and change its movement. But recent development is giving us an opportunity to profit from LC as it might reach 0.48 from current price. Notice how the Kumo support the price and Kijun Sen line on daily chart is current pointing upward which suggests that its power to attract the price from moving further down is weak.
The recent drop has also made it attractive as RSI or Relative Strength Index is now at 45, down from 74 when price hits 0.44
More from my site
Latest posts by felix (see all)
- Philippine Stock Market – Update on selected stocks 4/21/2017 - April 23, 2017
- Philippine Stock Market – Update on selected stocks 3/31/2017 - April 1, 2017
- Philippine Stock Market – Update on selected stocks 3/17/2017 - March 19, 2017