I am invested in this and i regret saying it but i see blue times for LABS.
1. See the pattern od H&S it is early to say but if the right shoulder goes to about 6.20 and flips the price for a countdown ( Tom DeMark indicators) as well as break support we will probably see prices in the range of 3 something as i draw the blue line. i made the dumbest mistake to not sell ( greed stupid) at 7 and now i will probably pay the price. for people that hope that this will go sky high be warned if the price flips at around that area, i mentioned sell it and get out.
2. TD Tred line (upper one ) marked by 2 TD points LVL 1 was broken.
3.If H&S confirmed the expected market is a bearish market for this ticker.
4. If the TDSD is broken at 2.99 area will go down at approx 1.70
1. See the pattern od H&S it is early to say but if the right shoulder goes to about 6.20 and flips the price for a countdown ( Tom DeMark indicators) as well as break support we will probably see prices in the range of 3 something as i draw the blue line. i made the dumbest mistake to not sell ( greed stupid) at 7 and now i will probably pay the price. for people that hope that this will go sky high be warned if the price flips at around that area, i mentioned sell it and get out.
2. TD Tred line (upper one ) marked by 2 TD points LVL 1 was broken.
3.If H&S confirmed the expected market is a bearish market for this ticker.
4. If the TDSD is broken at 2.99 area will go down at approx 1.70
Comment:
This H&S is probably not going to happen. Anyway TDSD was broken at about $5.29, if one looks carefully will see that under the support we have now more than 3 closings, according to Pearl this is most likely that the market will drop momentum and price to candle 13. So we will be in range of $3.05 the next lower support. If some of you guys go short , this is a stock that can be for sure shorted for good income for about 2 weeks.