LIOC came down to 30.00 and bounced - 2 times since May 2015.......

On the 5th of May 2015 LIOC hit a low of 29.00, but thereafter the price got strongly supported around 30.00, except a few trades around 29.70 or 29.80. During this period between 5th May 2015 to date only twice the prices retraced to the area of 30.00. On both occasions the Stock rallied giving some pretty decent profit margins. Good news coming your way is that it is once again dropping towards this magical figure of 30.00. The ideal scenario is to wait for the price to touch 30.00 AND WATCH the histogram bars of the MACD,  when they become shorter start Buying. Another point to watch will be the SWING LOW, while the MACD histogram is shortening when both occur you have a good short term trade. Good Luck on these trades.