LAKE has one last upward trendline to rule them all dating back to December 2019.
Bullish divergences on the 4 hour and hourly.
MACD crossing bullish on the 4 hour (bottoming on the daily).
Daily sitting right on the 200 EMA.
I would not be surprised to see a shakeout Monday/Tuesday down to the 200 MA at 12.50 before this thing runs.
A close today at 13.40+ would be the clincher for me.
Invalidation point for me would be a close below that 200 MA at 12.50.
Targets: 16 then 18 dollars
Bullish divergences on the 4 hour and hourly.
MACD crossing bullish on the 4 hour (bottoming on the daily).
Daily sitting right on the 200 EMA.
I would not be surprised to see a shakeout Monday/Tuesday down to the 200 MA at 12.50 before this thing runs.
A close today at 13.40+ would be the clincher for me.
Invalidation point for me would be a close below that 200 MA at 12.50.
Targets: 16 then 18 dollars