davidhaiyangzou

LAS.A - Is this turning point?

TSX:LAS.A   LASSONDE INDUSTRIES INC
- Breakout of long term down trend
- ABC confirmation and breakout the last high
- Could be rejected by last support and pull back to 150-155
- If it is supported by 200 day MA and up trend again, we may see price target of $200

My trade plan:
1) Wait for the pull back if any
2) Watch closely at 200MA, if any bullish signal
3) Get in between $150-155 if effectively supported by 200MA
4) Setup stop loss at $135
5) Initial position $2000-$3000
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.