ShakeShakeLeg

Illuminate the Path Upward!

Long
NASDAQ:LITE   Lumentum Holdings Inc
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What I see...
+ Prices found Support from 200MA
+ Bullish reversal bar formed with healthy volume
+ Past Bullish Kicker candles implied a few days for bullish burst
+ 10MA still above 50MA

- RSI is in bearish territory
- MACD is also under signal line and in bearish territory
- High volatility prices; require tight Stop!
- Widening of Bollinger Band
- Slight upper shadow from today's bar

What I setup
+ Long entry above today's high
- Stop under Friday's Close
+Target is at the downward sloping trendline
:: Duration is 2-4 days
Trade active: Setup triggered; Long position
Trade closed: stop reached: Stopped out today at + 0.05R

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