Key Support Levels RevealedAt the daily timeframe, the Relative Strength Index (RSI) level of LDO currently stands at 45. The RSI is a measure of the stock's momentum, and a level of 45 suggests that it is neither overbought nor oversold, indicating a balanced situation.
Looking at the price analysis, if the support for LDO at $1.85 is broken, there is a possibility that the price could decline further, reaching a lower range of around $1.40. However, historically, when the price reaches this level, there is a likelihood of a positive reaction, and the stock may bounce back from this point.
In summary, there are two crucial support levels to watch for LDO. The first support is at $1.61, and if the price falls below that, the second support level is at $1.40. These support levels are considered important because they are associated with potential demand for the stock, and past behavior indicates a potential recovery from the $1.40 level.
