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!

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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 White Marubozu on LR

  1. Rsboeonek Bok See says:

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

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