LTTS seems to be creeping out of its bed after a long hibernation. Apart from the regular indicators, the price is breaking out of a downward sloping channel and keeping afloat above 5290 even in turbulent times. Is it a good bet above 5600 with an anticipated speed breaker at 6000? And...if it pushes past 6000.. Fellow positional traders...please share your views!
To me it looks picture perfect. Oscillators, VWAP, OBV and ADX all playing a happy tune. Valuation still a concern but then, when wasn't it? Please review and share your thoughts!
It looks like a buy to me. Price above all averages and VWAP. All oscillators going good. OBV swelling in the right direction. ADX crossing 25. Whay say?
