White Marubozu on LR

LR is showing some bullish move when it close at 8.06 per share today. The candlestick we have right now is a White Marubozu which suggests that consolidation is done and is the start of moving upward. Notice that LR has been silently moving at the support level 23.6% Fibonacci Retracement level before today’s movement.

RSI or Relative Strength Index is currently at 66

Caveat!

One Response to White Marubozu on LR

  1. Rsboeonek Bok See says:

    Boss, LR is following DFNN footstep or the other way around.

Leave a Reply