Nathan_Black

A trading idea for LB.

NYSE:LB   LIMITED BRANDS INC
Could this pattern trigger a new rally in LB? There’s a real probability that yes, it could. Let’s see.
Today LB made a harami near previous bottom. It would be perfect if the price closed above the purple trendline, but that unfortunately didn’t happen.
Look at the volume , it increased a lot in the last two days.
If tomorrow LB closes above the harami and above the trendline, it would be a nice trade, with a nice risk/gain relationship. The target would be the black trendline, which is a very long one, dating back to 2015, so it is a quite important one.
Let’s see how that will turn out.
Trade active: LB triggered the Harami, and now it's giving us about 12% profits. It's a trade for the long run, so we are fine here. Let's what the charts will do next.
Stay safe!
Trade closed: target reached: That's it guys, I'm out now. Time to book some profits!

A 45% profits trade, very good! Thank you.

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