LFMD - WAVE C ENDING - BUY SOON OR OPTIONS LONGER TERM
All,
LFMD had game changing fundamentals last quarter but still under downtrend resisance #2. This is a 3/4 retracement wave C should be ending RSI tells the story on the daily. I am watching EXTREMELY closely here. I think this is going to pop worst case is a double bottom at 7.7 or near it in which case I will absolutely be all in. Fundamnentally/valuation wise I personallly see LFMD at 14-18$ range and probably will go into 20's again from demand/lower float than most in category.
As always watch the entire market first and do not enter too early. Just wait for the stars to align and for the break up to happen. Also remember almost everytime on breaks there is the first wave up but wave 2 is almost always a better and safer entry (depends how fast it moves)
LFMD had game changing fundamentals last quarter but still under downtrend resisance #2. This is a 3/4 retracement wave C should be ending RSI tells the story on the daily. I am watching EXTREMELY closely here. I think this is going to pop worst case is a double bottom at 7.7 or near it in which case I will absolutely be all in. Fundamnentally/valuation wise I personallly see LFMD at 14-18$ range and probably will go into 20's again from demand/lower float than most in category.
As always watch the entire market first and do not enter too early. Just wait for the stars to align and for the break up to happen. Also remember almost everytime on breaks there is the first wave up but wave 2 is almost always a better and safer entry (depends how fast it moves)
Comment:
Failed to break above causing further downtrend partly due to ER/News