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RS3175
Aug 18, 2023 12:26 PM

LKQ's fate to be decided today.  

LKQ CorporationNASDAQ

Description

LKQ was on an uptrend from March to October 2023. Nov-Dec 2022 was the period of consolidation. LKQ broke out in January 2023 but has been in a rectangular formation since. RSI is now nearly oversold. But the overall market is weak. Either ways, LKQ will come out of its rectangular formation today. If the market forces subdue it, a downtrend will start. Else a short uptrend reaching about 54.
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