giantab
Long

LB breaking out

NYSE:LB   L BRANDS INC
LB             made it’s low in 2009 around $10 and has trended well ever since. Price found resistance at 65,35 in December 2013 and pulled back slightly below round number 50. It took several months for LB             to return to the uptrend but when it finally managed to break the pivot high in October 2014, price moved really fast and currently we are just above 90 with no clear resistance until the big figure 100.

Yesterday, LB             broke above a multi-week consolidation zone giving us an opportunity t add to our profitable positions.

Related Ideas

Morning Lukasz. This has previously been a good trade for Dynamic Traders. Lets see if it continues and provides a trade signal after the figure.

Thanks for the reminder.
Reply
giantab JavidTrader
Hi Javid,

Definitely better to wait with new positions until after the figure.thank you;)
Reply
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