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FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » LIOC.N000 GO UP

LIOC.N000 GO UP

2 posters

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1LIOC.N000 GO UP Empty LIOC.N000 GO UP Sat Aug 29, 2015 9:05 am

W M C Elmo Fernando

W M C Elmo Fernando
Equity Analytic
Equity Analytic

LIOC is good for buying this level it will reach to 60/=

2LIOC.N000 GO UP Empty Re: LIOC.N000 GO UP Sat Aug 29, 2015 9:52 am

peacockman


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

W M C Elmo Fernando wrote:LIOC is good for buying this level it will reach to 60/=
Mr. Fernando, I hope so....
We can see at the RSI Chart given below, there are several Over Bought reading divergences after August,  and at the MACD Chart, the last divergence also formed an over bought reading. RSI divergence formed an Over Sold reading during the Market Crisis period, but now it comes up to a Bullish divergence. The divergences during the November 2014, formed many Over Bought reading, and the price went up to 68.00 level at that time. We may identify that the current  divergences (before the crisis) are similar to the  divergences on Nov 2014.
RSI tells us about an All Time Breakout!

LIOC.N000 GO UP Big

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