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LIOC.N0000 (Lanka IOC PLC)
HAL9000- Top contributor
- Posts : 1402
Join date : 2014-08-11
Location : Colombo
- Post n°102
Re: LIOC.N0000 (Lanka IOC PLC)
This could be where LIOC earnings new home !
CK- Active Member
- Posts : 1393
Join date : 2015-11-01
- Post n°103
Re: LIOC.N0000 (Lanka IOC PLC)
yellow knife- Top contributor
- Posts : 6980
Join date : 2014-03-27
- Post n°104
Re: LIOC.N0000 (Lanka IOC PLC)
There are rumours of non reliability of their financials.
One leading Foreign Fund active in CSE , Norwegian Petroleum Fund is not interested in any oil related company.
Some trades who suddenly purchased for quick gains will sell when seeing other pastures more greener.
Government has imposed an additional burden as tax , world oil price was moving upward since the day quarter results were released.
***************************************
Positive side is still oil price sees over supply status. Net assets value of the company is almost equal to traded prices. EPS of first quarter is very attractive. Company has used its excess money to buy oil when it was low. Cash in hand came down but inventory went up. Company has proved that its Dividends really vary with EPS..
JB Cocoshell who invest for long term is in second highest position.
***********************************
So we see a battle of bulls and bears with LIOC.
CK- Active Member
- Posts : 1393
Join date : 2015-11-01
- Post n°105
Re: LIOC.N0000 (Lanka IOC PLC)
CK- Active Member
- Posts : 1393
Join date : 2015-11-01
- Post n°106
Re: LIOC.N0000 (Lanka IOC PLC)
Again some momentumCK wrote:Also RSI (Daily charts) in overbought situation. So this may be some cooling off and consolidation.
![Very Happy](https://2img.net/i/fa/i/smiles/icon_biggrin.png)
yellow knife- Top contributor
- Posts : 6980
Join date : 2014-03-27
- Post n°107
Re: LIOC.N0000 (Lanka IOC PLC)
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Yin-Yang- Posts : 1321
Join date : 2016-03-12
- Post n°108
Re: LIOC.N0000 (Lanka IOC PLC)
yellow knife wrote:For those who want to trade LIOC this link will be useful
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That's a wonderful site for technical indications.
Some indicators say "Buy" and some say "Sell".
So, all what you have to do is; when you feel like buying, just look at indicators say "Buy". When you want to sell, just look at "Sell" indicators.
Is that how it works?
yellow knife- Top contributor
- Posts : 6980
Join date : 2014-03-27
- Post n°109
Re: LIOC.N0000 (Lanka IOC PLC)
Overall indication is start trading... Few days back it was Strong Buy...
Yin-Yang- Posts : 1321
Join date : 2016-03-12
- Post n°110
Re: LIOC.N0000 (Lanka IOC PLC)
As I see, the difference between indicators is; some takes a little longer to say the same thing.
Am I missing anything here?
Is there any indicator to say, "Sell" at the very top and "Buy" at the very bottom?
yellow knife- Top contributor
- Posts : 6980
Join date : 2014-03-27
- Post n°111
Re: LIOC.N0000 (Lanka IOC PLC)
Yin-Yang- Posts : 1321
Join date : 2016-03-12
- Post n°112
Re: LIOC.N0000 (Lanka IOC PLC)
I challenge, tossing coin and 'Buy' on "head" will work better than most indicators.
CK- Active Member
- Posts : 1393
Join date : 2015-11-01
- Post n°113
Re: LIOC.N0000 (Lanka IOC PLC)
As I know this site analyse few indicators and MAs. If more indicators signal buy it will be strong buy in TA and vice versa. same for MA.Yin-Yang wrote:yellow knife wrote:For those who want to trade LIOC this link will be useful
[You must be registered and logged in to see this link.]
That's a wonderful site for technical indications.
Some indicators say "Buy" and some say "Sell".
So, all what you have to do is; when you feel like buying, just look at indicators say "Buy". When you want to sell, just look at "Sell" indicators.
Is that how it works?
CK- Active Member
- Posts : 1393
Join date : 2015-11-01
- Post n°114
Re: LIOC.N0000 (Lanka IOC PLC)
Rana- Top contributor
- Posts : 1786
Join date : 2015-12-16
- Post n°115
Re: LIOC.N0000 (Lanka IOC PLC)
![scratch](https://2img.net/i/fa/i/smiles/icon_scratch.png)
![scratch](https://2img.net/i/fa/i/smiles/icon_scratch.png)
HUNTER- Top contributor
- Posts : 1935
Join date : 2014-07-14
- Post n°116
Re: LIOC.N0000 (Lanka IOC PLC)
Touching 38/- is possible; that's a sweet spot.
Defender- Posts : 57
Join date : 2015-03-30
Location : Colombo
- Post n°117
Re: LIOC.N0000 (Lanka IOC PLC)
CK- Active Member
- Posts : 1393
Join date : 2015-11-01
- Post n°118
Re: LIOC.N0000 (Lanka IOC PLC)
Good call Hunter. But there may be another reason..isn't it?HUNTER wrote:Looks like some 'monthly effect' is taking place.
Touching 38/- is possible; that's a sweet spot.
HUNTER- Top contributor
- Posts : 1935
Join date : 2014-07-14
- Post n°119
Re: LIOC.N0000 (Lanka IOC PLC)
Technically speaking:
Dropping to 37.50~38/- was expected, in anticipation of filling the gap created in 12th Aug.
Now the gap is almost filled.
Next most probable stop should be near 44/-
If dropped further 36.5 will be the level to watch.
CK- Active Member
- Posts : 1393
Join date : 2015-11-01
- Post n°120
Re: LIOC.N0000 (Lanka IOC PLC)
yellow knife- Top contributor
- Posts : 6980
Join date : 2014-03-27
- Post n°122
Re: LIOC.N0000 (Lanka IOC PLC)
Rana- Top contributor
- Posts : 1786
Join date : 2015-12-16
- Post n°123
Re: LIOC.N0000 (Lanka IOC PLC)
xmart- Top contributor
- Posts : 732
Join date : 2015-01-17
- Post n°124
Re: LIOC.N0000 (Lanka IOC PLC)
Yin-Yang wrote:Do we need indicators to say "Buy" when price goes up and "Sell" when it comes down?
As I see, the difference between indicators is; some takes a little longer to say the same thing.
Am I missing anything here?
Is there any indicator to say, "Sell" at the very top and "Buy" at the very bottom?
Yes, indeed
smallville- Top contributor
- Posts : 1872
Join date : 2014-02-23
Location : Trying to figure out..
- Post n°125
Re: LIOC.N0000 (Lanka IOC PLC)
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However, this can easily be passed to the customer in couple of months.
LIOC would be a potential pick ard 33-34 range while 30 would be the worst expected (if this news can further topple this). But once ppl realise the impact is low, at this point even a collection can initiate..
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