LSPD post earnings releaseHard to know why it took such a drubbing on ER. Numbers seemed good.
I'm a buyer.
0A8V trade ideas
Khan's Handelskontor - KW 41 - Swing Trade Idea - $LSPDShort-Seller Report stated wrong pre-IPO statements – won’t debate if this is wrong or true – VERY risky play.
From a TA-perspective – EMA 200 provided support, buyers stepped in.
LSPD death cross50 MA falls below 200 day MA, lots of volatility for next week as well as earnings coming up in November. We will see Monday what happens in regards to the short selling report recently published last week.
$LSPD watch out.Strong runner. Not too sure about valuation. Square of Canada. Technical-wise, I'm seeing exhaustion. When you have a runner the third extension is a good taking profit point. If fundamentals support it and the stock wants another run I would anticipate a longer base up top.
Price Level for LSPD (Update)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.
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.
LSPD Bullish Volume, also inveted in by ARK investePosition only due to unusual volume reported.
Exit at 100.
BullishThe chart itself explains it well. The trendline holds well. A solid consolidation should've shaken weak hands out. It is very likely it will break out the resistance at the top after the ER.
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.
LSPD to earnings.We have been rejected at around the 75 USD area. This is due to the broad market sell off and no significant company related news. It has been in an up trending pattern since the 38 USD area. It is a high possibility that we head on to the week in a massive run. Knowing the earnings is just right around the corner, we should see a build up of sudden or steady gains for the anticipation of the upcoming earnings on February 11, 2020. My prediction is that this will be around $80-$85 USD before earnings. It is highly likely that LSPD will beat earnings massively and will be increasing by no less than 15%. After earnings price(on the day of release), I expect it to close at around $95-$100 USD.
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 $90 it may be a double top downtrend.
Wishing it to go down actually so I could increase my position, so I guess this is a good opportunity.
Entry ZoneMight be a good time to buy now and exit when near the resistance again, just watch out when it breaks the support line.
LSPD to the moon?Lightspeed POS is slowly gaining more momentum. For every pullback, it is a good idea to load up more. Even at these levels, it is a good idea to get a skin of the game. It is trying to break through the 70 USD ranged. If it breaks above, we might see another 20% run before slightly pulling back(If it ever does). Realistically its pull back maybe when it reaches 90 USD. Overall, it is a great company to own. It recovered a lot and more than doubled this year. The pandemic was beneficial to a lot of tech stock, LSPD is clearly benefiting from it. Going into 2021, this stock is poised to grow at an absurd rate, at least 50%. For a small-mid cap, this stock has a lot of room for growth. Fintech market is expected to grow at a CAGR of 22% for the coming years, the pandemic may have accelerated this by a lot.
bull flag is forming. it is going to touch 20dma before bounces back. Buy @ 54-55 USD if you want to get in. Long on LSPD.
LSPD.CA: Ascending Triangle, ConfirmedAscending Triangle, Confirmed
Pros:
Descending Volume during Formation
Volume at Break Out
PPS above 50MA and 200MA
250RSI above 50
RS ascending and above 0
ATR ascending
R/R Ratio above 9
Cons:
200MA Flat
Target price:
PT = 90.22$
Year End Outlook of Lightspeed POSA conservative forecast of Lightspeed POS.
Price target of 57.01 at the end of 2020.
