LSPD no brainer long position. Chart speaks for itself, bullish on multiple time frames, I will mention a few reasons I am bullish. On Daily you see a return to a previously strong support that led to the prior uptrend. Break of short-term downtrend on the daily starting with a piercing pattern that initially rejected support and began the move away. Shortly after you see a higher low and on todays candle a gap up above the prior upper trend line. Break of structure beginning on the daily chart going all the way down across all shorter time frames. This stock also moves inversely with CJT.B which is currently at a strong resistance level. On the lower time frames you have a better depiction of the break of structure going on and on the 2h chart you see a clear as day inverted head and shoulders. LSPD definitely has a lot of upside here but this is just my opinion. Trade wisely.
Zlecenie aktywne:
Found my entry on the gap up candle, first profit taking level should be around the $46 resistance level. ATR of around $2 makes for a quick profit
Zlecenie zamknięto ręcznie:
Too much volatility in the market and looks as though the Daily H&S pattern forming may play out with a big gap down on today's candlestick. Would not advise holding this stock over the weekend, exited at 42.01 so still managed to secure a 50 cent profit.
Transakcja zamknięta: osiągnięto wyznaczony cel:
If not for the uncertainty with Donald Trump's health condition, would've held until now. $46 would be safe for profit taking and where I would've personally sold my shares, trade wisely.