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

LPL 5.010

+3.9%

Oct 31 9:30 AM EDT

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To: chessboard_andy who wrote (37)	1/15/2021 10:50:44 AM
From: chessboard_andy	of 76

$9.60-9.65 is the new line of demarcation. It was set up as support yesterday, and is acting as resistance today. I had previously projected clear skies to $9.90-9.93, but I can see some rational in the charts for the $9.65 level considering April 2019 peak and some levels in the summer 2018. It will take several more tests to firm it up as a point I'm confident enough to trade off of, but it does look to me like a semi-important level based on price behavior yesterday and today. I'm hoping that we can break above it without to much hassle over then next couple of sessions so that future tests will be of support rather than resistance. I'd love it if it just happens within the next couple of hours. Testing resistance is not nearly as fun as testing support. Caveat as always: My chart-reading is not trading or investing advice. I am just noting what I see from my amateur eye. I primarily invest in core positions over long term, but have a hobby of trading around that core for fun and hopefully profit. Chessboard, Andy

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