Leap is looking to make another leap. Harmonic shark patterns leave more room for volatility trades and make for high reward scenario's when traded correctly.

As of today (09-04-2019), 84,220 of the 261,828 shares traded where short. This is equivalent to a sizable 32.17% short percent.

The technical's are now aligning with some key dates with a potential short squeeze on its way (assuming good data).

  • $LPTX is trading at the lower end of the long-term trading range.
  • Bullish harmonic shark pattern, look for profit taking and/ or chances to add at the 382 and 50 retracement levels to ride up to the top of the range.
  • Not only does this trade have massive upside potential for a swing trade, it is also showing confluence with Fibonacci time-cycles, fib-retracement and trend.

Tip of the day: Learning how to be disciplined is vital to trading volatility . Follow our trading team for ideas on how to stay more disciplined in biotech.

Disclosure: I have no position in LPTX . I may buy or sell in the next 72 hours. This is not a note to but or sell. Please do your homework before investing.


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