LRK @ 28 OCT 2021Text me if you have any questions/comments for me.
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LRK
- First time doing a written analysis on LRK
- Since IPO, stock has had a long history of downtrend
- The Covid crash in March 2020 seems to have woken the stock from its slumber -> Nice uptrend
- In mid-Oct, the stock successfully broke through the $5 resistance (orange line)
- It has now retraced back to the resistance-turned-support and the short-term average
- A successful rebound from here would be good for the stock’s trend
- A successful rebound look to be above 5.35 levels if stock doesn’t retrace further
- R is borderline 10%
- Strategy-to-buy (DYOR) – If $5 support holds, suggest waiting for a successful rebound before plotting entry
