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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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.