Speculative LONG in LSCC
I've placed a speculative limit order to enter LSCC long. The reasons:
- The price formed a double-bottom pattern in August and September, which was broken to the upside.
- After reaching the last high on September 27th, the price corrected downwards, making nearly a 50% price retracement.
- The moving averages have made a bullish crossover. The 50-day SMA now supports the price movement and has turned upwards.
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