NASDAQ:LKQ UpdatE: LKQ, it was changed Take Profit=57
Hello ladies and gentlemen, according to my chart analysis of the LKQ, there is a high probability of a decline towards the 46.24$ level in the next few weeks.
On the chart of LKQ, we can see a forming ascending triangle and we can see hidden bullish divergence on daily timeframe. An ascending triangle is a bullish formation. The pattern gets validated when the price breaks out of the upside of the pattern. By using the Relative Strength Index we can hidden bullish divergence. A long position can be taken when the...
LKQ is currently at a resistance point of a downtrend channel that started back in December 2021. Watch for LKQ to break that trend line. A break would mark a potential reversal of the downtrend. I'll be entering a long position on the break, with a stop at 49.50. The ideal situation is if we break 51.60/51.70, then maybe we can fill the small gap at...
NASDAQ:LKQ Possible Scenario: SHORT Evidence: Price Action TP1~ 42.5 PUT options, Strike 42.5$, 05 /21/21 This is my idea and could be wrong 100%,
Five of our algorithms point to near-term declines for LKQ on the hourly chart. Our first algorithm (version 1) has identified this event 23 times. All 23 times the stock has dropped at least 1% over the next few days. It has dropped as much as 3% more than half the time. We are projecting slight movement up which should last no more than 2 full trading days...
Trading the Ichimoku pullback to the cloud on NASDAQ:LKQ with March options aiming to get the move to retest the high going into Earnings in February.
NASDAQ:LKQ Possible Scenario: LONG Evidence: Price Action This is my idea and could be wrong 100%
LKQ seems forming a Head & shoulder formation, but its yet to break below its neck line. If it can break below $30, it will be a good shorting opportunity. *Trade Criteria* Date first found- February 9, 2017 Pattern/Why- Possible Head & shoulder formation Entry Target Criteria- Break of $30 Target & Stoploss - TBA (Note: Trade update is delayed here.)
LKQ expected to open at 24.20 for a Perfect Gap N Go. To learn to trade this strategy for free go to www.RealLifeTrading.com