LICI: Oversold at Key Accumulation Zone
Topic Statement: LICI's stock price has taken a severe beating, now oversold and trading in an accumulation zone around 900, which aligns with the 50% retracement level and lies below the 180-day moving average.
Key Points:
1. The stock is trading in an accumulation zone around the crucial 900 level.
2. 900 corresponds to the 50% retracement level, indicating a potential support zone.
3. The price is below the 180-day moving average, signaling oversold conditions.
Key Points:
1. The stock is trading in an accumulation zone around the crucial 900 level.
2. 900 corresponds to the 50% retracement level, indicating a potential support zone.
3. The price is below the 180-day moving average, signaling oversold conditions.
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