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Mar 2022Technicals Talk: LTG (30 Mar 2022) by Regina Capital Development Corp.
For weeks, LTG has been trading at a discount to its key MAs, but still keeps on falling.
For weeks, LTG has been trading at a discount to its key MAs, but still keeps on falling.
As LTG continues its rally, the best strategy here would be to
Breakout of ascending triangle pattern.
LTG closed at PHP 10.28. We recommend
Note, however, that the sudden spike in share price also led to a spike in its RSI and volatility. This means that
LTG has been trading within a thin range since the last week of Sep, around PHP
The stock is a potential trend reversal for as long as it stays above PHP
Potential bounce at critical support levels.
We need the candlestick later today to confirm whether or not LTG will begin normalizing or if there is still leftover selling.