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ShakeShakeLeg
May 11, 2020 4:29 AM

Lumentum Electrical Products - Will it Revisit All-time High? Long

Lumentum Holdings Inc.NASDAQ

Description

What I see...
+ INside NR7 on -2d, followed by
+ Inside NR3 and NR7 combo
+ ...on lower vol. after earnings
+ RSI at 54
+ Price support by upward trend and 10MA
+ Both 10 and 50 MAs are above 200MA... Prices held strong through mid-Feb and mid-Mar volatility!

- Upper shadows when prices reache downward resistance line
- MACD is closing into signal line

What is my setup...
+ Long entry above -3d (aggressive)
- Stop at bottom of -3d (aggressive)
+ Target at all-time set back in Feb.

Order cancelled

Cancelled setup
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