LIOC.N - New structureLIOC broke out from trendline. Now making moves.
0.618 fib level is interesting to watch.
DDYOR
Keep an eye!
LIOC.N0000 trade ideas
LIOC - oily mess?
LIOC failed to break 0.382 fib level last time... and got rejected at 206.75. Prices have declined ever since.
Next crucial support should be 183. Entering here with a strict stoploss can be done ideally. (1%-2%).
RSI may need to find support from its trendline as well.
**Remember sometimes the negatives are already priced in**
LIOCBroke out from Horizontal Line and retested and then BO from trend line and now retesting that.
Need to Break the trend line around 205-206 with volume for next move.
RSI at support.
LIOC - Oil 3x
As expected LIOC broke out from the last update i have done over the weekend and got rejected on point at 206.75 as mentioned above! ^
And in smaller time framers it got retested untill 201.75 and closed at 204. Likely we will clear above resistance point tomorrow. and go towards the marked resistance
gradually.
RSI seems to be broken out as well.. overall counter looks lit!
LIOCSince the stock has not yet broken above its descending trendline resistance, it may be best to observe this counter for the time being.
Disclaimer: This chart and analysis are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations. Do your own due diligence before trading or investing in this stock.
LIOCST Trend line broken. Prices fluctuating between 195 - 200. Has to breakout either way.
MA 20 stabilising before moving upwards. Has to hold on to MA 50,100 Support and break MA 9 resistance
Bollinger Bands flattening after narrowing for last few days.
MACD widening
LIOC - oil oil oilLIOC is on a verge of a major breakout, prices are moving along the trendline with fib resistance at 206.75.
RSI has broken out and currently on retest while traders taking profit out. Note that all along LIOC being above MA200 is making the counter bullish in overall trend.
