LICI: Preparing for a third wave

AFTER A 5-WAVE UPMOVE FROM THE ROCK BOTTOM, PRICES RETREATED BACK LOWER TOWARDS 50% FIBONACCI RETRACEMENT ZONE AND BOUNCE BACK SHARPLY. STOCK HAS GIVEN BIGGEST INTRADAY SINCE IPO.

After a five-wave advance from the rock botom, prices retreated back lower towards 597 which is 50% fibonacci retracement zone. From there stock has bounced back sharply which is the biggest intraday gain since IPO.

We are watching to see a sharp advance in the coming months. A break above 750 shall confirm that stock has started it's third wave and is likely to break the all time high in the coming months.

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Yorum:

Third wave advancement is in progress.