IOLCP - Long - Marabozu formation
IOLCP has re started its magical up ride again after a small retrace. #Positional #Longterminvestment
Reasons for long:
1) Strong confirmation on the doji with a Marabozu formation
2)Took support from the Pivot and RSI reversing @ 60, both strong indicators of a good reversal
3)The stock fundamentally is pretty strong
Only thing to make sure, that it should open above the high of today. We don't want to start investing at O=H. Mostly gap up as it had strong momentum at EoD
#Disclaimer: Please consult your financial advisor before taking any trade. Always work with stop loss and trail diligently
Reasons for long:
1) Strong confirmation on the doji with a Marabozu formation
2)Took support from the Pivot and RSI reversing @ 60, both strong indicators of a good reversal
3)The stock fundamentally is pretty strong
Only thing to make sure, that it should open above the high of today. We don't want to start investing at O=H. Mostly gap up as it had strong momentum at EoD
#Disclaimer: Please consult your financial advisor before taking any trade. Always work with stop loss and trail diligently
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