LBY - Trade PlanLBY has shown strong bullish price action by breaking the descending wedge to the upside with very high volume indicating a potential change in the downward trend. It seems that price wants to move higher now. We may be facing initial resistance now but I will be monitoring price action closely and will buy once it shows bullish price action. There is bullish divergence on the MACD which validates the bullish view. I will be targeting the recent Resistance level which is also the 23.6 Fibonacci level which is at $0.845 ( a potential 55% gain on the trade).
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
LBY
Liberty lithium (TSE) W massive set upnear 40wma. ran with the secor in 2016 from 0.02 to 2.49. $LBY.ca $LIT not a lot of resistance until 0.60's imo
LBY - MA200 Daily Retest Coming - Risky But Reward HighLibbey, Inc. manufactures and markets glass tableware products. It engages in design and sale of tableware and other products. The company also source glass tableware, ceramic dinnerware, metal flatware, and hollowware and serveware products. Its brands include Libbey, Libbey Signature, Masters Reserve, World Tableware, Syracuse China, Crisa Royal Leerdam and Crisal Glass. The company was founded in 1888 and is headquartered in Toledo, OH.
SHORT INTEREST
2.84M 08/30/19
P/E Current
-7.64
P/E Ratio (with extraordinary items)
-1.07
Average Recommendation: BUY
Average Target Price: 7.00
