Interesting chart in a consolidation period after the big drop. My intuition tells me we are going to see some downside before heading further north... lets see.
This is a big test for LTC in the coming week. Rising to this long-term trend line, a break above would send it to new ATHs. Keep an eye on volume while we test this level. (Educational purposes only).
It seems like the $2.05 level is holding well, though there likely won't be enough steam to get through the next fib level. Looks like it needs some time to breathe. Long term, great project. Average dollars. (Educational purposes ONLY!!)
We are at the bottom of the channel, looking for some bounce here. Also having consecutive new highs while in the channel, further signaling the trend continuation.
This trend channel was followed well, serving as good support. It should test our strong support line, along with the phycological resistance of 500, matched up with the .786 fib retracement level. 3 signals of resistance that I believe will be hard to break in short term. Look for a bounce.