LUKOIL (LKOH) Perfect Example of Accumulation

Lukoil is trading in a bullish trend.
for more than 1 month the price is consolidating within a wide horizontal trading range.

based on the preceding price action our bias is bullish here and we are waiting for a bullish violation of the range.
daily breakout will trigger a buying reaction and the price will most likely keep growing.

next goal will be 5800!