Description
⋅ LB is at CUE Pendulum Low - that is, a Low enough price to take a Buy Position for Long Term Investing.
It is near Low point - meaning its Stop Loss is narrow.
Potential profit is much higher.
Both Weekly Backdrop and Daily Hop On charts using CUE Templates are showing Bullish signs after dropping a lot in previous months.
Also, Apparel Industry, to which LB belongs, improved in its rank in the previous week.
All these points to a valid Long Term Buy Position potential in a strengthening Industry while also allowing for narrow Stop Loss.
It could also be taken as a Swing Trade Long Position.