LVGO BLUE SKY BREAKOUT to BOOMER SET UP
Another beneficiary of the shift towards Telemedicine and remote health monitoring because of COVID-19. Company has been doing exceptionally well even before the pandemic with increased insurance support providing subscription to several Fortune 500 companies. Increased institutional participation observed with high quality funds increasing their position on the issue.
Technicals breaking out of the pattern resistance with OBV indicating increased buying pressure and RSI signals strong momentum for range expansion after pausing on the second half of the trading day. ADX >30 also confirming trend strength. Boomer set up observed on 2H chart giving an opportunity to participate on expansion breakout.
Technicals breaking out of the pattern resistance with OBV indicating increased buying pressure and RSI signals strong momentum for range expansion after pausing on the second half of the trading day. ADX >30 also confirming trend strength. Boomer set up observed on 2H chart giving an opportunity to participate on expansion breakout.
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