LIC - Trend reversal
Since its listing LIC has only fallen..but its also a value stock.
With the new offer of 10% guranteed returns it could keep the stock in the news and could lift the mood around the stock..
The stock is flirting with the AVWAP (blue line) where if it crosses it could signify a trend reversal. Also the stock has crossed back above the 200EMA which signifies a trend reversal.
Would love to see a pullback to 650 and then a breakout above 690 where i'd look to double allocations.
SL after the first buy would be below 630.
With the new offer of 10% guranteed returns it could keep the stock in the news and could lift the mood around the stock..
The stock is flirting with the AVWAP (blue line) where if it crosses it could signify a trend reversal. Also the stock has crossed back above the 200EMA which signifies a trend reversal.
Would love to see a pullback to 650 and then a breakout above 690 where i'd look to double allocations.
SL after the first buy would be below 630.
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