juicyjeff420

LPLA RSI channel should break through price action resistance

Long
NASDAQ:LPLA   LPL FINL HLDGS INC
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1
I've been really liking this channel for the last month. People are short on LPLA because it's at PRICE ACTION resistance, right at the point when LPLA's price dropped overnight. I think this channel will get LPLA to break through the PA resistance. In my book, RSI always takes precedence over the price action, because RSI is relative and allows us to compare every single point in a stock's history to each other. If you look at price action, you'll get too emotional, since humans by nature are emotional. If you want more objectivity, use the RSI .

I was right on LPLA about a month ago, when this channel did not even exist. Check it out below.

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