LT has formed a good consolidation pattern in an hourly/daily time frame. The stock has been under pressure for a while now due to the pandemic woes hitting its operations for over half a year now. The stock was consistently forming a lower low and lower highs for the last few weeks, however in the previous 2-3 weeks the stock has formed a higher low as marked by the green arrows and is not at a juncture from where it has the potential to form a higher high confirming a bullish bias. 920 is a crucial zone to breach post which a new bull trend should resume. We can even see that there is a possibility of a golden crossover in the EMA's (9 EMA (GreenLine) crossing the 200 EMA (Red Line) from below) indicating bullish optimism. Any breach of the Triangle should give a good momentum move either way. Results season is starting from tomorrow and that might play a role nullifying the Technical Impact so trade with caution.
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.