$LPLA - Cup & Handle BreakoutLPLA Analysis for potential C+H breakout.
Going long with January calls strike $185 looking for PT1: $200 PT2: $230
This could be a potential 1000% play.
Lpla
LPLA RSI channel should break through price action resistanceI've been really liking this channel for the last month. People are short on LPLA because it's at PRICE ACTION resistance, right at the point when LPLA's price dropped overnight. I think this channel will get LPLA to break through the PA resistance. In my book, RSI always takes precedence over the price action, because RSI is relative and allows us to compare every single point in a stock's history to each other. If you look at price action, you'll get too emotional, since humans by nature are emotional. If you want more objectivity, use the RSI.
I was right on LPLA about a month ago, when this channel did not even exist. Check it out below.
hourly RSI on pummeling LPLA financial finally finding supporta really long RSi down trend clearly broke in late February. I drew a horizontal trend line at that support point, and the RSI is about to bounce off of the trend line.
