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.

Caveat!

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felix

A computer engineer by profession and loves to develop online systems/websites. A self-taught stock trader who loves to share his knowledge and enjoys learning, expanding knowledge and staying well-informed. Most often he uses candlesticks, Fibonacci Retracement levels, Ichimoku system on his technical analysis but loves to hear some rumors as well.

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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