Looking at the LPTH stock, it's met resistance at two opportunities to surpass the mid 4.80s. In both cases it then retreated to a low around 3.73. MACD re-entered positive territory today and the trend looks ready to repeat itself over the next 10 to 20 days.
Starting a stop loss around $4 would expose only 4.7% at the current price (4.20 as I write this) while allowing for an upside gain around 10% assuming the trend continues.
DEMA 10 & 20 are riding directly atop one another at the current price, and MACD is barely positive. The conservative trader should wait for a bullish continuance to be sure of the stock's direction before jumping in.
Starting a stop loss around $4 would expose only 4.7% at the current price (4.20 as I write this) while allowing for an upside gain around 10% assuming the trend continues.
DEMA 10 & 20 are riding directly atop one another at the current price, and MACD is barely positive. The conservative trader should wait for a bullish continuance to be sure of the stock's direction before jumping in.
Trade active
LPTH +7% at time of writing, continues to trade along projected trend.Trade closed manually
Welp, was wrong XD
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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.