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#TradingPlan #STOCKS LUKOIL (LKOH) Perfect Example of Accumula | We Trade Stocks

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LUKOIL (LKOH) Perfect Example of Accumulation

Lukoil is trading in a bullish trend .
for more than 1 month the price is consolidating within a wide horizontal trading range.

based on the preceding price action our bias is bullish here and we are waiting for a bullish violation of the range.
daily breakout will trigger a buying reaction and the price will most likely keep growing.

next goal will be 5800!

https://www.tradingview.com/chart/LKOH/3Gk7I2Wx-LUKOIL-LKOH-Perfect-Example-of-Accumulation/