LABU, long trade idea

Updated

I've been in an out of LABU over the years. I rode it up recently to the upper trend line. I now see a pullback complete and a chance we are breaking out of a bull flag higher. Stop anywhere below the flag (dotted red lines) should break above the upper trend line and move higher. IMHO

Note

LABU needs to push thru this resistance

Note

LABU had quite the beat down yesterday. Its currently holding above the trend line. Needs to move higher soon to stay bullish.

Trade closed: stop reached

LABU trade stopped out a few days ago, small gain.

bhowe

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by bhowe

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