LIBERTY SHOES
- Liberty Shoes is currently facing strong golden ratio resistance at current levels (61.8% fibonacci retracement), charts indicates once stock closes and stays above it resistance @ 320 then bulls will get active once again and further strength is expecting. Once closes above 320 stock can be bulls grip for next few trading days, as shown in graph no1.
- Intraday Stock Tips - Close watch once Liberty Shoes starts trading above 320, if holds above 320 during market hours then intraday bulls action is expecting.
- As per graph no2, stock is trading above 20 days moving average this will favor bulls, and also testing upper bollinger band resistance once breaks BB resistance then strength is expecting as per Bollinger Band analysis.
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- As per graph no3, 50 days moving average is paying a important role in Liberty shoes, by looking at chart closely stock took 50 DMA support from last 2 times and stock bounced back, this time also stock testing 50 DMA, as long as holds above this will favor bulls, but once Liberty closes below 50 DMA then stock will show first sign of weakness and bulls needs to be caution.
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- As per graph no4, Liberty Weekly chart indicates that from last 4 weeks stock witnessed selling from higher level, as per candlestick pattern, once stock closes above its previous candle high in weekly chart then this will favor short -long term bulls. Close Watch.
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ReplyDeleteNice Article. Thank you for sharing the informative article with us.
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