LSPD - A possible correction
Updated
Momentum is weakening for LSPD. It definitely had a great run.
The chart shows on a weekly timeframe the MACD is slowing down for a possible reversal. It also did this a little while ago with 35% correction.
I expect a possible slow correction of 35% down to around $105-$108 over the next several weeks.
The chart shows on a weekly timeframe the MACD is slowing down for a possible reversal. It also did this a little while ago with 35% correction.
I expect a possible slow correction of 35% down to around $105-$108 over the next several weeks.
Trade closed: target reached
Although the initial target of $105-$108 has been reached, I still feel it could come test the Orange support line as the momentum is still weak even if some buyers are coming in.Trade closed: stop reached
As per previous comments, LSPD came to test the orange support line and breached through it. I can see further downside it it closes below the support line.Note
$61 is a new major lower low for LSPD. Unless it bounces from here, I can see it sub $50 as there doesn't seem like any support available.Note
I see reversal on LSPD to buy. Pretty good entry if you ask me to long it.Trade closed: target reached
No trading this anymore - late update
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