LMG silently moving sideways

LMG has been quite for few days now as it consolidates between 50% and 61.8% Fibonacci Retracement level. It is also hovering near Senkou Span A which could act as support aside from the fibo. Kijun Sen line is now moving horizontally at 4.025. Remember that this line has a strong power to attract the price once it moves this way. If price will move up from here, we might see LMG to move up past the recent high. But first lets see the 4.x level

RSI or Relative Strength Index is at 42 which is away from the overbought level.


One Response to LMG silently moving sideways

  1. Ver Toring says:

    puwedeng mag request ng MWC chart and your analysis…thanks

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