Thursday, November 16, 2017

LDEV - Can it succeed on a trend continuation?

LDEV - to move into a trend continuation, the counter needs to break the recent high of 14.50. If it won't succeed then we will not see a trend continuation before the present pull back is over.

The candles of the preceding last 3 days formed a swing low, with a high of 13.40 and a low of 11.50. Today's range was between 12.60 and 13.20, which is within the range of the swing low formation. Any one trading could buy within the said channel, provided that the stop loss is made 10 cents below the swing low of 11.50. If you don't want to stop loss then it may not be advisable to trade the counter.


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