Looking at the LPTH stock, it's met resistance at two opportunities to surpass the mid 4.80s. In both cases it then retreated to a low around 3.73. MACD re-entered positive territory today and the trend looks ready to repeat itself over the next 10 to 20 days.
Starting a stop loss around $4 would expose only 4.7% at the current price (4.20 as I write this) while allowing for an upside gain around 10% assuming the trend continues.
DEMA 10 & 20 are riding directly atop one another at the current price, and MACD is barely positive. The conservative trader should wait for a bullish continuance to be sure of the stock's direction before jumping in.
Starting a stop loss around $4 would expose only 4.7% at the current price (4.20 as I write this) while allowing for an upside gain around 10% assuming the trend continues.
DEMA 10 & 20 are riding directly atop one another at the current price, and MACD is barely positive. The conservative trader should wait for a bullish continuance to be sure of the stock's direction before jumping in.
Trade active:
LPTH +7% at time of writing, continues to trade along projected trend.
Trade closed manually:
Welp, was wrong XD