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, and I expect a bounce off soon.
If it does bounce off, we can expect it to go towards the previous highs giving a potential return of 14% at TP1 and 25% at TP2.
Please note these are my own notes, for my future reference only. By no means trading advise to anyone. Please do your own research before entering into any trade.
If it does bounce off, we can expect it to go towards the previous highs giving a potential return of 14% at TP1 and 25% at TP2.
Please note these are my own notes, for my future reference only. By no means trading advise to anyone. Please do your own research before entering into any trade.
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