LOFC | Trade

19 mar 2023

Trade Book: CT-LI/CT-LC
Trade No: 09/180

Entry Price: 6.30
Stop-Loss: 6.20
Reason for Trade: If the horizontal price channel at 6.70 is broken, the stock may potentially reach the range of 7.40 to 7.60. This could test the 200 day moving average, as well as the Fibonacci retracement levels of 0.618 and 0.65.

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 this stock.

20 mar 2023

Operación activa

The stock broke out above 6.70 level with good volumes.

21 mar 2023

Operación activa

Increasing of Stop-Loss

Stop-Loss: 6.50

Reason for Change: The stock has retraced back towards the top of horizontal price channel at 6.70 levels for support after breakout. The retracement could find support at the 0.618 or 0.65 Fibonacci retracement levels of 6.70 or 6.60. Therefore, the stop-loss has been raised to 6.50 to accommodate the formation of a new higher low.



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 this stock.