LTG’s price going sideways as RSI move up

Looks like LTG will be running out of gas soon as it goes sideways but RSI is in a steep climb reaching the overbought level without much happening on its price. Still the 16.0 is very crucial for LTG to break because if this will happen, Chikou Span will move above the price 26 periods ago thus showing bullish sentiment. In case this will not happen then LTG may fall and visit the recent low price.

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.

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