LPLA higher! LPLA just fired a daily squeeze (and is compressed in a squeeze on the weekly & monthly timeframes). Additionally, it's coming out of a head & shoulders pattern off the major bullish trendline. Key Fibonacci levels roughly align with the prior high at the 1.618 extension ($270-275) and the head & shoulders upside projection is at the 2.618 extension ($313-316)
L2PL34 trade ideas
Volatility Contraction Patterns Spotted in LPLA, COHR, COF Volatility contraction patterns (VCP) which was popularized by Mark Minervini have been spotted in NYSE:COF , NASDAQ:COHR and NASDAQ:LPLA , which could be the signal prior to a start of the uptrend.
Find out how to trade the breakout with volatility contraction patterns to catch the potential explosive move to the upside.
Upside Breakout in LPL Financial (LPLA)Watching for a breakout (happened) and close above $86 (hasn't happened as of July 18 mid-day). That could signal another advance after a consolidation period below $86. The shakeout/false downside breakout in June was a good sign for the upside.
Swing trade target is about 8% above the breakout level, near $93. With a tight stop loss the reward:risk is greater than 3:1. ATR Stops also works a trailing stop; adjust the inputs to your liking.
Disclosure: No position yet, but may initiate within the next few days if the conditions stay favorable.
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.