Long

$LSCC Bullish Earnings Pullback Base Break

Updated

This chart is a near perfect base and break on Feb 1, 2023, with big volume and more volume on follow thru. Then a base on base just prior to earnings with another base break on earnings with big volume. Then the usual profit taking / shakeout pulling back to the breakout area. I started a position on Feb 28 when price went thru the pullback base and I was underwater by close but did not get stopped out as it held the most recent lows. I added again on Mar 2 with another break above pullback baseline. I then added today on follow thru from that base break. I’ll look to take ½ off at R-1 area and wait for it to base again around that area and add back on a confirmed pullback, if that happens. Ideas, not investing / trading advice.

Trade closed manually

Trade closed due to negative market breadth today. Locked in $2.84 per share. Back on watch list in my top 5... Let's see what happens.

Note

This is holding up remarkably well in the face of a declining market, showing good RS.

jaxdog

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I may or may not take any trade published and I am under no obligation to post any action or update to any idea.

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