LMA Intl and EDMI

Hello traders/investors,

I have two more charts that have similar looking channels to Frencken’s. I have EDMI and LMA International.

First up, EDMI, 5DR.SI. I have a bullish pattern on the chart – an upward parallel channel. Price is hovering just above the bottom of the channel. I like the moving averages on the weekly chart. The recent crossover of the 50-week MA over the 200-week MA is bullish for me. And with price above the 200-week MA, I will be a bull on EDMI.

Next up, LMA International, L24.SI. I see a similar looking channel on th weekly chart. Recently price has just gotten above the 200-week MA. With price hovering near the bottom of the channel as well, I will be looking for some upside in the weeks to come. I like the picture of the indicators. The MACD is comfortably above the 0 line.

All analyses, recommendations, discussions and other information herein are published for general information. Readers should not rely solely on the information published on this blog and should seek independent financial advice prior to making any investment decision. The publisher accepts no liability for any loss whatsoever arising from any use of the information published herein.

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