STOCK CHARTS AND ANALYSIS – LTG
STOCK CHARTS AND ANALYSIS – LTG
In accordance with our Independence Day commitment, following is our Technical Analysis of LTG (LT GROUP, INC as of Oct. 7, 2015.
This is the second of our THREE for FREE for this week. (TFHI – Non Index Stock, and this one LTG – Index Stock)
TA – TRT Way – Straight from the Chart
POSITIVE
1. Bounce after hitting 52-week Low. The stock bounced after hitting its 52-week low. It needs to take out P12.54 (38.2% Fibo) to confirm the bounce.
NEGATIVE
1. Most Price action below 200 SMA – Bearish Long Term. Almost all of the stock’s price action since late part of August 2015 have been below the 200 SMA indicating that the stock is Bearish on the Long Term. It also confirms that the stock is still in Bear territory.
2. Most Price action below 50 SMA – Bearish – Medium Term. Since early part of April 2015, most of the stock’s price action have been below the 50 SMA indicating that the stock is Bearish on the Medium Term.
NEUTRAL
1. Price action between 15 EMA and 20 SMA – Neutral – Short Term. After the bounce from its 52-week low it was only in the last candlestick that price action was between 15 EMA and 20 SMA. This indicates that the stock is neither Bullish nor Bearish on the Short Term.
NOTES:
1. Positive points are things that could work in your favor. Negative points are things that you have to watch out for.
2. On the opposite side of Pattern Targets are Pattern Failures. In case you decide to take this trade, always remember to set a stop loss based on your established risk tolerance level.
3. September is a very significant month for us. It was at the same time this year that we introduced Responsible Trading to mainstream social media. Starting September 1, 2015, since you are already familiar with our caption “TA – The Responsible Trader’s Way – No Hyping, No Bashing, Just Plain Cold Facts” we are changing this to TA – TRT Way – Straight from the Chart.
The Chart and Analysis is presented for educational purposes only and should NEVER BE TAKEN as a RECOMMENDATION to BUY, HOLD, or SELL.
Please trade with CAUTION, please trade with CARE. As always, IT’S YOUR TAKE, IT’S YOUR CALL. IT’S YOUR MONEY AFTER ALL.
Good luck on all your trades.