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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » Today is the best day to exit LOFC and re-enter CLC

Today is the best day to exit LOFC and re-enter CLC

+3
Peris.G
madukp
Elite_SGX
7 posters

Go down  Message [Page 1 of 1]

Elite_SGX

Elite_SGX
Senior Equity Analytic
Senior Equity Analytic

Reasons to exit LOFC
 
Ø The drivers of the rally made their exit yesterday @ 35/= and entered CLC .  Without the drivers now the share is in neutral gear.  At any moment it will start the reverse run and not like CLC it will create many damages to the retailers’ portfolios.
 
Ø RSI value has reached the resistance level and the Share need a good rest if it wants another rally.
 
 
Ø Expected announcement from LOCH has no relevance to LOFC counter.  Announcement directly effect NIFL and CLC .
 
Ø CLC just started its second mega rally yesterday trading 6 Mn shares up Rs 10/- .  It is forecasted by many brokers that CLC will touch 300/=
 
 
Ø Huge selling pressure expected on today as all retailers started shifting from LOFC to CLC yesterday.
 
Ø Transfer of LOFC to LOCH will take place in next year (2022)  hence retailers have enough time to trade CLC and come back for LOFC in next year.
 
 
Ø Today technical indicators will signal SELL for LOFC .
 
 
Today =  17th November 2021



Last edited by Elite_SGX on Wed Nov 17, 2021 12:21 am; edited 1 time in total

Rational Investor, sajithlk02 and Shivanthini like this post

Chithi dislikes this post

madukp


Expert
Expert

18 is a CSE Holiday

Elite_SGX likes this post

Peris.G


Equity Analytic
Equity Analytic

Elite_SGX wrote:Reasons to exit LOFC
 
Ø The drivers of the rally made their exit yesterday @ 35/= and entered CLC .  Without the drivers now the share is in neutral gear.  At any moment it will start the reverse run and not like CLC it will create many damages to the retailers’ portfolios.
 
Ø RSI value has reached the resistance level and the Share need a good rest if it wants another rally.
 



 
Ø Expected announcement from LOCH has no relevance to LOFC counter.  Announcement directly effect NIFL and CLC .
 
Ø CLC just started its second mega rally yesterday trading 6 Mn shares up Rs 10/- .  It is forecasted by many brokers that CLC will touch 300/=
 
 
Ø Huge selling pressure expected on today as all retailers started shifting from LOFC to CLC yesterday.
 
Ø Transfer of LOFC to LOCH will take place in next year (2022)  hence retailers have enough time to trade CLC and come back for LOFC in next year.
 
 
Ø Today technical indicators will signal SELL for LOFC .
 
 
Today =  18th November 2021


Do not spread false rumours of LOFC to panic poor retailers and collect LOFC @ discounted price 

Even you dont know date properly and Even you dont know whether CSE open or not .

Dont you have shame on yours self ? 

16 November 2021  almost 100mn shares traded above 32/-37.70/-  It is good sign for the uptrend. 

RSI is not a matter  It will adjust. dont come and talk  non-senses here. Did you check when CLC go up? blady baster

We can able to see good foreign buying 56.7mn LKR as at 16 November 2021

Foreign buyings are gradully increasing day by day 

Foreign buying is not mad to buying. 

It is good sign for LOFC and It's longway to go

I am expecting  LOFC will trade near/above 50/- today  17 November 2021  

My original predicted price is 120/- . 

Yes, LOFC is 120/- worth counter 

CLC started it journey today with LOFC

So not need to worry.!!!!!!!!!!!!!!!!!!!!!!

nigma, EPS, Mr. Wayne, Sunimal and Gowri123 like this post

Beyondsenses

Beyondsenses
Manager - Equity Analytics
Manager - Equity Analytics

LOLC group run is totally depend on future LOCH. Many senior members in the forum explained how NIFL/CLC/LOFC take their part when LOCH journey begin.

LOFC run purely maintained by CT and organised group.If you can hold few months LOFC going to reach 100+ for sure. But this is not the time to collect specially @ this price.

LOFC will go for a correction and you will be surprised to see where it will end.

Rational Investor

Rational Investor
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

It is high time for LOFC to take a break just like how CLC took it at around Rs88/- for a healthy run.

Jay-Jay

Jay-Jay
Manager - Equity Analytics
Manager - Equity Analytics

Beyondsenses wrote:LOLC group run is totally depend on future LOCH. Many senior members in the forum explained how NIFL/CLC/LOFC take their part when LOCH journey begin.

LOFC run purely maintained by CT and organised group.If you can hold few months LOFC going to reach 100+ for sure. But this is not the time to collect specially @ this price.

LOFC will go for a correction and you will be surprised to see where it will end.


You are spot-on ,  mate.

Players exited yesterday @ 35/= .  Now it is a free fall .

People played with Margin will come under tremendous pressure.

hammurabi

hammurabi
Manager - Equity Analytics
Manager - Equity Analytics

CLC Technicals were strong today though the price went down.
The next 3/4 market days will be green.

Today is the best day to exit LOFC and re-enter CLC Clc_te10

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