LTG still has potential to touch Kijun Sen line

LTG still has the potential to reach 16.94 as Kijun Sen line continues to move horizontally at that level but it has to break the 61.8% Fibonacci Retracement level in order for Chikou Span to register a bullish signal. With RSI or Relative Strength Index still low, there is a room for buyers to push the price up.

So far no bearish signal from the candlesticks but if it can’t break the current resistance then it might go down further.


The following two tabs change content below.


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.

Leave a Reply