L1EG34 trade ideas
A good opportunity to buyLegget & Platt seems to be massively undervalued. Good profit (at least short term).
LEGGETT & PLATT Stock Chart Fibonacci Analysis 050823Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 32/61.80%
Good Ole LEG. Not much to say about LEG. There seems to be a lot of chatter lately across the news outlets/social media platforms. I already hold a small position long term as a dividend hold. The valuations look good however, the one obvious issue are the supply chains. LEG has obviously been in quite the consolidation range, $31 support and $44 resistance with a few higher spikes.
There is a ton of avg. volume throughout the $40 price range.
I like the price range marked in purple even better and will add more in those areas. Pyramid style add.
I'm no expert, just someone who loves charting!
Enjoy!
LEG LONG pullback after 7 months consolidationCause=effect
Break out from area of consolidation from 7 months ago is pretty significant
Buy 50-61% retracement from the breakout
target 54
Adjust position size with respect to risk appetite.
Good luck
Rise StoppedThe day is dawning and it seems as if the steam run out of this stock. I see a good corrective potential after the March rally.
Bull's and bear's war🤜🏻🤛🏻LEG (LEGGETt&PLATT), based in Carthage, Missouri, is a diversified manufacturer (and member of the S&P 500 Index) that designs and produces various engineered components and products that can be found in most homes and automobiles with market capitalization 5.61B.
And now after huge uptrend the price entered into consolidation. Price is bouncing between two historical support and resistance levels and huge impulse is expected after breakout.
Follow the chart carefully and look for the breakout.
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And always remember: "we don't predict, we react".
LEG - Long over 42.50, short under. Price Target 50's, SL 38RSI oversold on most time frames
Momentum appears weak at the moment and but stock has been consolidating in a tight channel since August 2020
Solid fundamentals with volume profile indicating possible interest at 50's, near its 52 week high
Unknown time frame, this is a long hold until it reaches price target
$LEG | Structure Trade: Parallel Channel $LEG long opportunity within a parallel channel.
Initial targets are $43.75 and $44.50
A channel breakout can push price much higher.
$LEG | [Update] Bullish Channel: Watch For A BreakoutWatch for a breakout to the upside.
Update to previous idea:
LEGGETT & PLATT Option DailyHey my friends, LEGGETT & PLATT is in a fake bearish configuration we see the last session a low sales volume but it seems to still want to buy. LEGGETT & PLATT is heading towards the last pre-session high to start higher, great potential to break the median forcefully to come to the last previous higher.
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LEG: Post Wave 5 correction almost complete. Post Wave 5 correction almost complete. 68.2% will take it to $34++
A good potential trade provided earnings doesn't break it3x potential trade
but earning is too close for comfort, need to check again after 27th
LEG- Upward channel breakdown short from $49.87 to $45.13LEG Looking good as short. Great breakdown below upward channel formed since October 27th. Moneyflow also broken down. We think it will decline further.
* Trade Criteria *
Date First Found- May 19, 2017
Pattern/Why- Upward channel breakdown short
Entry Target Criteria- Break of $49.87
Exit Target Criteria- $45.13
Stop Loss Criteria- $52.6
Please check back for Trade updates. (Note: Trade update is little delayed here.)
Leggett & Platt Not Done FallingUnless you want to experience a 30% decline, you might want to stay aside for a while.
LEG (Leggett & Platt) clears consolidationLEG has been trying to breakout of a multiyear consolidation since May 2014. On the weekly chart I have drawn on the 1998 and 2004 highs (to highlight this point) and the more recent consolidation zone which lasted just over 5 months.
Finally in October 2014 price made a big bullish move (on earnings and higher volume) but this was far too early to consider a buy on this stock bearing in mind both the long-term (1998-2014) and shorter-term (May-October 2014) consolidation zones.
There was a small pullback and gap up on 31st October and for some this would've been a good opportunity to enter long. For others the added confirmation of a bullish flag above $40 presented an alternative. Either way, LEG is looking like a good bullish stock.
