LEO reboundsLeo does not show a new lower low but higher low. RSI shows a bullish divergence. So, this might be a time to hold a BUY position and we can set a target profit around the latest resistance level at 7.25-7.50 THB. This strategy is very simple but so effective.
In addition, if Leo didn't show a lower low of 5.85 THB and runs a price range around 5.85-7.50 THB, this might be an accumulation phase. But this assumption will be confirmed when the price breaks 7.50 THB.
LEO trade ideas
LEO and TD Buy Setup together with Expected Dbl. BottomIf you are a reversal trader, this stock at the current price might be interesting. I apply TD Buy Setup together with expected Dbl. Bottom. However, I recommend to wait for Bullish divergence in RSI and Awesome oscillator which almost confirm. Don't forget to managing your risks well before trading. Good Luck.