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Strategies & Market Trends : LPL -- leader in World's TV Industry

LPL 5.010

+3.9%

Oct 31 9:30 AM EST

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To: chessboard_andy who wrote (7)	12/17/2020 11:59:09 AM
From: chessboard_andy	Read Replies (1) of 76

Lovely run. I just went back without sneaking a peak at this original post to see where I find resistance. Fat crayon lines were centered on $8.47 and $9.92. That matches pretty much perfectly with what I posted before, so that seems good. 12/15 was a great open with strong volume on the gap up. (Opening 10 minutes had 320K shares $8.20 open, $8.08 Low, $8.10 close). The remainder of 12/15 & 12/16 did a very good job of setting a support level right around that $8.20 as I see it. The volume is much more tepid, but the gap up today to that next resistance level seems still constructive. I made a smallish wager that we will get through that next resistance and head towards $9.90-10. Nothing huge, and I'm definitely not encouraging others to follow me. To reiterate, this is all amateur chart reading, and I'm not advocating anyone acting on it. Rather just looking for other's thoughts.

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