IOLCP has re started its magical up ride again after a small retrace. #Positional #Longterminvestment
Reasons for long:
1) Strong confirmation on the doji with a Marabozu formation
2)Took support from the Pivot and RSI reversing @ 60, both strong indicators of a good reversal
3)The stock fundamentally is pretty strong
Only thing to make sure, that it should open above the high of today. We don't want to start investing at O=H. Mostly gap up as it had strong momentum at EoD
#Disclaimer: Please consult your financial advisor before taking any trade. Always work with stop loss and trail diligently
Reasons for long:
1) Strong confirmation on the doji with a Marabozu formation
2)Took support from the Pivot and RSI reversing @ 60, both strong indicators of a good reversal
3)The stock fundamentally is pretty strong
Only thing to make sure, that it should open above the high of today. We don't want to start investing at O=H. Mostly gap up as it had strong momentum at EoD
#Disclaimer: Please consult your financial advisor before taking any trade. Always work with stop loss and trail diligently
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.