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On technical grounds, there's clearly a double bottom chart pattern (green color). Which means upside is imminent.
Once it breaks 37 the next barriers are 40 and 43-44 levels.
But note that if it doesn't pass 43-44 levels, it will be a double top which is a negative pattern.
at 30-33 levels, abt 11 million shares traded and since then only 2 million shares traded up to now.
My guess is LIOC is still under collection so can even trade between 35-37 for another couple of days. But with the EU news, it can also get activated and break 38 soon.
Disc - I have LIOC in my PF.
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Once it breaks 37 the next barriers are 40 and 43-44 levels.
But note that if it doesn't pass 43-44 levels, it will be a double top which is a negative pattern.
at 30-33 levels, abt 11 million shares traded and since then only 2 million shares traded up to now.
My guess is LIOC is still under collection so can even trade between 35-37 for another couple of days. But with the EU news, it can also get activated and break 38 soon.
Disc - I have LIOC in my PF.
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