Risky Insider Buy Signal Trade on LFMD
Our insider based AI generated a significant buy signal for LFMD yesterday.
It could be an interesting but high risky trade setup.
Technically it seems to be the potential end of an elliott wave two correction, after classical ABC correction. So next level would be around $24.52. In bad case, the stock will fall again after touching the yellow resistance. In that case we might stop the position early.
Nevertheless, it's a high risky small cap stock, with an risk/reward ratio of 7.59, which is great. We put a very small position into (0.5% of portfolio value).
It could be an interesting but high risky trade setup.
Technically it seems to be the potential end of an elliott wave two correction, after classical ABC correction. So next level would be around $24.52. In bad case, the stock will fall again after touching the yellow resistance. In that case we might stop the position early.
Nevertheless, it's a high risky small cap stock, with an risk/reward ratio of 7.59, which is great. We put a very small position into (0.5% of portfolio value).
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.