Potential Breakout on LH (Labcorp Holdings Inc.)📈 Setup: The stock is forming a clear structure of higher highs, suggesting an ongoing uptrend. A key resistance level is in focus, and a breakout could lead to a continuation move.
🔹 Trade Plan (Not the Full Setup)
📌 Entry Idea: A confirmation above a key level would validate the breakout.
🎯 Target Zone: A specific price area that aligns with historical resistance.
🛑 Stop-Loss Placement: Below a key support level to minimize risk.
📊 Risk-Reward: The setup provides a favorable ratio if conditions align.
🔍 What to Watch For:
✅ Volume Confirmation – Strength in buying pressure is essential.
✅ Rejection Risk – A false breakout could indicate a reversal.
✅ Market Conditions – Broader sentiment can impact the move.
⚠ Disclaimer: This is for educational purposes only and is not financial advice. Trade responsibly.
