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LRK
- First time doing a written analysis on LRK
- Since IPO, stock has had a long history of downtrend
- The Covid crash in March 2020 seems to have woken the stock from its slumber -> Nice uptrend
- In mid-Oct, the stock successfully broke through the $5 resistance (orange line)
- It has now retraced back to the resistance-turned-support and the short-term average
- A successful rebound from here would be good for the stock’s trend
- A successful rebound look to be above 5.35 levels if stock doesn’t retrace further
- R is borderline 10%
- Strategy-to-buy (DYOR) – If $5 support holds, suggest waiting for a successful rebound before plotting entry
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LRK
- First time doing a written analysis on LRK
- Since IPO, stock has had a long history of downtrend
- The Covid crash in March 2020 seems to have woken the stock from its slumber -> Nice uptrend
- In mid-Oct, the stock successfully broke through the $5 resistance (orange line)
- It has now retraced back to the resistance-turned-support and the short-term average
- A successful rebound from here would be good for the stock’s trend
- A successful rebound look to be above 5.35 levels if stock doesn’t retrace further
- R is borderline 10%
- Strategy-to-buy (DYOR) – If $5 support holds, suggest waiting for a successful rebound before plotting entry
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.