Lukoil LONG

Welcome to our Daily Analysis, where we breakout the best course of action for a given price stituation of a stock.
This week we will be interested by Russian Stocks, while the main topic of today being the LUKOIL price.

The prices were falling throughout the last few days, but rest assured it will not go for too long as the prices are bound to go up (Confirmed by the volumes & the breakout of the average volumes).

Nature of The movement : Bullish in a short term horizon, ( 1/2 days)
Best course of action :

If you're a seller : we don't recommend holding the stocks (expect if you're willing to wait for the bullish movement to stop)
If you're a buyer : hold or buy more.

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Beyond Technical Analysislukoil

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