LLUB.N0000Monitor on two buy zones in above chart.
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LLUB.N0000 trade ideas
LLUB BuyBetter to buy a chunk of LLUB around 90.00 LKR (Now) as price is around a support level and recently broken the down trendline convincingly. If you're buying new, better to buy 30% of the planned share amount, thinking of DCA if the price gets dropped. DCA buying plan is as follows.
Around 90.00 LKR (30%)
Around 80.00 LKR (33%)
Around 70.00 LKR (37%)
LLUBas expected it has broken down the trendline and currently looking bearish. if anyone to enter consider DCA methods. however smaller time frames shows slight bullish divergences (1hr) RSI has broken retested and crashed. GP looks a really good entry point for investors. Currently counter is trading below 200dma.
LLUB | Massive Drop!Due to sellers liquidating above average volumes, the stock has created an exhaustion gap while breaking below the rising wedge pattern. Currently, it is near the long-term ascending trendline. With bearish divergence on RSI , it is best to observe if buyers will be able to overpower the sellers to hold price above trendline support and 200-Day moving average.
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.