J.Livermore
Long

LC - Bullish Wolve Wave Pattern & Analyst Upgrade

NYSE:LC   LENDINGCLUB CORP
WW Pattern is a very reliable chart pattern, many of my previous ideas are based on it

The falling wedge is a bullish pattern that in case of breakout would lead to target along 1-4 line. More details: http://thepatternsite.com/WolfeWaveBull.html

3 and 4 are not very well defined, that's why I made 3' and 4' scenario.

$LC received an analyst upgrade the 20th May by Morgan and Stanley that occurs right after the last exhaustion of the pattern (5). Coincidence ? You decide ;-)

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