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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: richthedude747 who wrote (20)	12/21/2020 11:05:24 AM
From: chessboard_andy	1 Recommendation Recommended By Cooters Read Replies (1) of 76

Holding up nicely so far intraday. Opening down more than the market seems correct in light of the recent run, and the intraday looks very solid after the open. (I specifically like the buying support between 10:29 and 10:38 to move back from $7.93 to $7.96 with reasonable volume for this holiday week. I'm not entirely sure what is keeping us at $7.95, but it is nice to find a level. Looking forward, there are support levels at $7.72 and $7.61 which keep the upward move fully intact. It would be great to see a bit of price recovery to $8.04 or above by close, but it's not critical. I tied up a decent hunk of risk capital (for me) yesterday and today. I don't particularly want to increase the size of that trade, but I will if we drop to 7.61 and then hold above $7.72. The preferred course is staying here and moving back above $8 and then moving forward. (I guess it is a dumb comment to say that I prefer price increases, but I welcomed the move Friday and treated it as a strong buying opportunity.) Cheers, Andy

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