LSPD - LongLooks like LSPD (lightspeed) is showing some signs of reversal. I was quite bearish since september 2021(you can check my previous ideas) but I am confident that this could be a good entry to LSPD to long. Will update targets later.
LSPD
LSPD - A possible correctionMomentum 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.
LSPD: One Up Day Is NOT A ReversalLSPD is going to report lower quarterly revenues than last month in next week's earnings results, but its stock is in a sympathy move upward with the rest of the market bounce today. This is a prime example of the need to wait for confirmation of a bottom developing. As always, one up day is not a reversal. It may be the start of a bottom formation, but bottoms can take months to get hammered out.
This stock's current situation is a good reason to incorporate some fundamental analysis into your technical studies. There are just a few key things to check. Do yourself a favor and learn to do your own research; upgrades, downgrades and all that jazz is market manipulation. Go look at the press release of the last earnings report yourself to see what the company guided for the upcoming report. Nasdaq.com is a good site for this.
I wouldn't short here because it's nearing the end of the downtrend now.
I wouldn't buy yet because there's a little further to go before the strong support is reached and a bottom can take a while to develop.
PLUS, the knee-jerk crowd is bound to be surprised on May 19th. Meanwhile, the institutions have already accounted for a rough 4th quarter for this stock, but they also know that annual revenues have doubled this year.
LSPD is one for a watchlist to wait until the bottom is confirmed.
LSPD : BOOMER / MOMENTUM TRADELightspeed POS Inc. provides commerce enabling Software as a Service (SaaS) platform for small and midsize businesses, retailers, restaurants, and golf course operators in Canada, the United States, Germany, Australia, and internationally. Its SaaS platform enables customers to engage with consumers, manage operations, accept payments, etc. The company’s cloud platforms are designed interrelated elements, such as omni-channel consumer experience, a comprehensive back-office operations management suite to improve customers’ efficiency and insight, and the facilitation of payments.
SOURCE : seekingalpha.com
LSPD: IS THAT THE PERFECT ENTRY?LSPD :
Growth stock . Got beaten down badly.
This is the weekly chart and as they say... previous resistances become support once broken . Well this one is beautiful.
If you trust that you might want to put LSPD on your buy list.
I like it long term, as an investment .
Entry level around 34.
Is it going to crash to zero and prove me wrong?
Of course it is my opinion only, so do your own research.
Price Levels for LSPD (Lightspeed Commerce Inc.)NYSE:LSPD
The lines represent the price level that has been traded upon or will be traded.
The more it hit the line, the stronger the level.
It can be use to set profit taking price or stop loss price.
Every level is of same significant until order flow trades upon it.
DYODD.
Support And Resistance LSPDIMO this is the support and resistance for LSPD atm. This will be a good guideline of when is a good entry point and when to exit. The entry point will be right above the support line and exit 25% near the resistance . Make sure to put a stop sell just in case it breaks the support.
Update to my previous post 'a good buying opportunity'I put two targets, but I don't think 2nd target is possible, it could be if their earnings are gonna be bad next month.
I still see this as a good opportunity to increase your position in this stock.
A good buying opportunity?Just saw a reversal pattern rising wedge which is why I put a stop limit sell order around $96, but that is still cutting it close so might have to lower it. If it doesn't get past $90 it may be a double top downtrend.
Wishing it to go down actually so I could increase my position, so I guess this is a good opportunity.
LSPD. Not yetI don't think we are ready to challenge higher highs. We need more time. Maybe a couple of weeks as buyers slowly step in...
Trade safe~
