NimbusTrader
Long

#LGFB Daily Stock Analysis

NYSE:LGF.B   LIONS GATE ENTERTAINMENT CORP
We are using Capitulation Strategy on this counter.

What we can see from the charts, it has a row of 5 bearish candles that creating lower high + lower low and come along with a confirmation candle. This is a One White Soldier Pattern.

So there's is a high possibility for the price to snap back to the moving averages. Basically we are aiming 2R or further before touching the 50EMA, but in this case, it seems it there's possibility reaching 2R before the touching the moving averages.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Help Center Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing TradingView Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out