(US) LPX VCP Setup Follow Up
LPX previous breakout from C3 early Oct is unsuccessful where price sell down back.
This sell down created C4. This 2 day price shown strong recovery after ER release.
C1: -31%
C2: -10%
C3: -6% (unsuccessful)
C4: -13%
Tomorrow will be the dividend ex date and let's monitor the movement. Might form a small handle first before attack.
Disclaimer:
Not a buy call recommendation, just sharing on chart pattern formation based on my personal experience. Trade at your own risk.
This sell down created C4. This 2 day price shown strong recovery after ER release.
C1: -31%
C2: -10%
C3: -6% (unsuccessful)
C4: -13%
Tomorrow will be the dividend ex date and let's monitor the movement. Might form a small handle first before attack.
Disclaimer:
Not a buy call recommendation, just sharing on chart pattern formation based on my personal experience. Trade at your own risk.
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.