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

LPL 5.025

+3.9%

3:59 PM EDT

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From: chessboard_andy	4/22/2021 3:05:55 PM
	1 Recommendation Recommended By richthedude747 Read Replies (1) of 76

Levels of support are looking pretty well defined. ~$11.19; ~$10.86; ~$9.60 Over the last few months, I've been trading aggressively off of the $9.60 support base. I don't see that working any more because the two levels above look to be getting very firm, and unless some bad news comes out of earnings next week (which seems unlikely), it's a bit hard to imagine a return trip down to $9.60 over the next few months. I've been zooming in and out of charts. The 3-month daily and the 1-month 30-minute work together to illustrate $11.19 and $10.86 as key support levels. (Charts below) I won't be surprised by a return to $10.86, but I am now ready and willing to make aggressive bullish trades against that level. I'll likely even initiate some long trades if we approach $11.19 provided the chart shows some support as that level is approached. I treat these as active trades and manage them carefully. As always, I'm not suggesting anyone follow me.

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