LIC @ 9 NOV 2021Text me if you have any questions/comments for me.
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LIC
- Previous analysis was done on 27 Oct (red arrow) - Suggested waiting for a successful rebound to 23.50 levels before plotting entry
- Since then, the stock is stuck in No Man’s Land with the short-term average proving to be a resistance while the mid-term average is a strong support
- A strong break of the mid-term support would likely be a Structure Break
- A successful recovery looks to be around 22.60 levels
- R is borderline 10%
- Strategy-to-buy (DYOR) – Suggest waiting for a successful rebound before plotting entry
LIC trade ideas
LIC @ 27 OCT 2021Text me if you have any questions/comments for me.
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LIC
- Previous analysis was done on 14 Oct (red arrow) - Suggested waiting for a retracement and successful rebound
- Since then, the stock has retraced to closed at the short-term support
- A successful rebound look to be around 23.50 levels
- If the stock continues to break below the short-term support and test the mid-term support, setup for entry will no longer be good
- R is less than 10%
- Strategy-to-buy (DYOR) – Suggest waiting for a successful rebound before plotting entry
LIC @ 14 OCT 2021Text me if you have any questions/comments for me.
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LIC
- Previous analysis was done on 4 Oct - Suggested entry above 22 levels if comfortable with the potential overhead resistances
- Since then, the stock has created a new all-time high and today closed with almost 7% gains
- Price is currently overstretched and far from the short-term support
- R is more than 10%
- Strategy-to-buy (DYOR) – Suggest waiting for a retracement and successful rebound
LIC @ 4 Oct 2021Text me if you have any questions/comments for me.
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LIC
- Previous analysis was done on 21 Sep - Suggested waiting for the next rebound wave
- Since then, the stock has formed a LH, re-tested the short-term support for a mini retracement, and rebounded
- There might be some price resistance above $22 levels
- R is less than 10%
- Strategy-to-buy (DYOR) – Suggest entry above 22 levels if comfortable with the potential overhead resistances
LIC @ 21 SEP 2021Text me if you have any questions/comments for me.
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LIC
- Previous analysis was done on 15 Sep - Suggested waiting for a better setup for entry
- Since then, the stock has dropped to test $20 levels and looks to be rebounding
- Setup for trade is still risky and rebound is not successful yet
- A rebound to 21.50 levels will be promising
- R is more than 10%
- Strategy-to-buy (DYOR) – Suggest waiting for the next rebound wave
LIC @ 15 Sep 2021LIC
- First time doing a written analysis on LIC
- Stock has a good history of uptrends
- 1st resistance (purple dotted line) – consolidated sideways for 4 months while still somewhat respecting the mid-term support
- 2nd resistance (blue line) – consolidated sideways for 1.5 months while still somewhat respecting the short-term line
- After breaking out, stock has had weak tests of the short-term support
- Today’s nice bullish pin bar after a strong test of the short-term support is accompanied by above average volume -> good
- After seeing today’s price action, I was tempted to get into the stock
- Unfortunately, there is no good setup for entry unless you use intraday strategies
- R is more than 10%
- Strategy-to-buy (DYOR) – Suggest waiting for a better setup for entry
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Text me if you have any questions/feedback for me.
LIC finding support at lower trend line. Looking for a continuation of uptrend having found support off lower trend line. Recent earnings are strong. First target is to reclaim highs from mid feb before pushing on to top of channel. Looks good to enter around current price of 13.60. 1st target 14.60 then on to 15.70 or above. Could run with tight stop just below lower channel line around 13.20 or to be extra careful 12.81
$LIC:ASX - LIFESTYLE COMMUNITIES LIMITEDLIC was having a good run pre-covid and looks to be having a reasonably good recovery. Bit more volatility makes it a bit of a riskier proposition but could be worth a look especially for the longer term as Australias population continues to age and people look to downsize and move into these lifestyle type communities.
Lifestyle Communities Ltd. engages in the development, ownership, and management of land lease communities. It offers independent living residential land lease communities for senior citizens; as well as home designs, resort lifestyle homes with various sports and entertainment facilities.