LANKA IOC PLC

LIOC.N - LANKA IOC PLC

146
Disclaimer: This chart and analysis are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations. Do your own due diligence before trading or investing in any stock exchanges, Indices, Stocks, Forex, Crypto etc.

LIOC.N0000

LIOC Weekly

Looking at the stage analyzing method in the weekly chart the stock price is at the stage 4 level now. it has taken support from the Fibonacci golden pocket and seems to be holding that range in the daily chart.

On the weekly chart, the RSI trend line hasn't been broken.

LIOC Daily

On the daily chart, the MA 20 is the immediate resistance which is also near the GP.

Breaking above the supporting trend line created by the descending wedge might take the price level to MA 50 levels which is resistance also in Confluence with the upper trendline of the descending wedge.

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