LNTH is getting very squeeeezed here A bit strange it has not participated in recent bounce. Its getting ready to snap either way. Hugging the 50 MA for extended time (like here), is not necessary very encouraging.
Tightening of the KMAs usually leads to some explosive price reaction. Here I agree with you that this might go lower as it has not participated with the rest of the market. Watch for support at the lower channel for bullish signs, but watch out below if it cant hold it. Earnings in 3 weeks so maybe we see a reaction then, up or down. As always, thanks for sharing your ideas!