LYC
- Previous analysis was done on 31 Aug - Suggested waiting for successful rebound to 7.50 levels
- Stock recently formed a mini retracement wave and today’s price action would be considered a successful rebound
- Technically, the stock hasn’t successfully rebounded after the mid-Aug retracement
- To manage risk, half position entries are recommended
- R is less than 10%
- Strategy-to-buy (DYOR) – Suggest half position entry at current levels if confident that stock can rebound to 7.50 levels
- Previous analysis was done on 31 Aug - Suggested waiting for successful rebound to 7.50 levels
- Stock recently formed a mini retracement wave and today’s price action would be considered a successful rebound
- Technically, the stock hasn’t successfully rebounded after the mid-Aug retracement
- To manage risk, half position entries are recommended
- R is less than 10%
- Strategy-to-buy (DYOR) – Suggest half position entry at current levels if confident that stock can rebound to 7.50 levels