Text me if you have any questions/comments for me.
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LKE
- First time doing a written analysis on LKE
- Doesn’t have much a history of long and steady uptrends
- Any strong upwards movement lasts for a few short weeks with strong volume before momentum peters out
- Not usually a trend that would attract trend followers
- Resistance zone has formed around the 65 cents level (purple dash line)
- Stock doesn’t respect the short-term support, but the mid-term support is proving to be stronger
- R is more than 10%
- Strategy-to-buy (DYOR) – Suggest waiting for a successful rebound before plotting entry
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LKE
- First time doing a written analysis on LKE
- Doesn’t have much a history of long and steady uptrends
- Any strong upwards movement lasts for a few short weeks with strong volume before momentum peters out
- Not usually a trend that would attract trend followers
- Resistance zone has formed around the 65 cents level (purple dash line)
- Stock doesn’t respect the short-term support, but the mid-term support is proving to be stronger
- R is more than 10%
- Strategy-to-buy (DYOR) – Suggest waiting for a successful rebound before plotting entry