LPX is currently on its weekly EMA! After starting its decline from $121, LPX is now approaching the long-term ascending channel support. At the same time, this region coincides with a horizontal support zone between $71–75, which could offer a good buying opportunity but it’s important to watch the price closely.
If the price closes below $70, levels around $48 could come into play. The stop loss should be placed at $67.
Wishing everyone profitable trades!
If the price closes below $70, levels around $48 could come into play. The stop loss should be placed at $67.
Wishing everyone profitable trades!
Note
This is not financial advice.Trade active
This is not financial advice.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.