LLC is in a 6 year decline, but above 150 day EMA. Strong earnings caused an impulse move that then lead to a tight consolidation range. Entered on BO, targetting PoC of next level. Potentially a reversal on the weekly starting to form, but that will take a lot longer to play out. This is a simple swing trade targetting 7.70
LLC is currently in a descending wedge with bullish RSI divergence and has a nice crossover on the MACD, it has not had a breakout yet but will look for a little 10% move to the top of the wedge. Also looking for a gap fill but will see what it does closer to resistance at the top wedge. Good luck 🍀
ENTRY: 7.45 SL: 7.78 TP: 6.91 - ADX>25 - Daily RS -ve - Daily FFI -ve - Weekly RS -ve - Weekly FF -ve - Moving averages are aligned. - Breakdown on 2 Dec 2022 before retracing to support-turn-resistance area (7.53) and today appears to be rejecting it. - Entry based on today rejection of support-turn-resistance area.
ENTRY: 10.06 SL: 10.68 TP1: 9.72 TP2: 9.34 - ADX<20. Would like it to be higher. - RSI>30,RSI<50 - Daily RS -ve - Daily FFI +ve - Weekly RS -ve - Weekly FFI +ve - Broke down from current month CPR and ichimoku cloud on 2 Mar 2022. - Entry based on breakdown from previous month CPR.
LLC may be getting ready for a another buying opportunity. The current pullback is a retracement of the trend. It seems that Price is forming a base right at the edge of the channel. A close above the trendline (tentatively $12.15) could be a bullish sign and I would be a buyer . My trade plan for this trade is as follows: TP1 - (potential gain 10%) TP2 -...
My trading bias for LLC is Bullish as it has bounced off the lows (Support), High Volume Profile Zone and the lower edge of the Pitchfork Channel. The Bullish Price Action suggests that LLC may go towards the previous Highs, providing an 11% gain. TP ~ $14.70 (potential 11% gain) Stoploss - below $11.70 Please note these are my own notes, by no means trading...
LLC seems to be pulling back nicely to the trendline Support at around $11.70, as it has shown strength previously also and made a Higher High. We can also see that it has made a Golden Cross, with RSI in the Oversold region. The High Profile Volume Zone also lies at around $11.40, so it seems that the range between $11.40 - $11.80 should provide good support,...
Enlink has made it through the last crisis, it has been around for around 16 years and it doesn't have much history, but right now we are at historical level, that we have bounced back strong from in the past. I would say the price depends a lot on the oil prices, if we see a bottom soon in oil, we could see a big jump in Enlink, but the other scenario is that we...
Please see my chart for notes. Comments / thoughts welcome.