LICI Shows Minimal Gains Since IPO, Moves Weakly Within Broad ChTopic Statement:
Nearly three years after its IPO at 870, LICI trades only slightly higher, reflecting the limited post-listing returns even for a market giant.
Key Points:
1. The stock is moving in a weak uptrending bullish channel, offering modest directional cues
2. It retraced to the 61.8% Fibonacci level where it received support and has since rebounded
3. Price now faces resistance at the 38.2% retracement level near 955, creating a ceiling for upward movement
4. Accumulating the stock below the 50-day EMA presents a more favorable risk-reward entry point
