The next 10 days will decide how LSK would rise... It's already close to the master support line (King Kong line).
Disclaimer: I have interests in LSK and would be looking forward to purchasing it when it enters the box...
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And it reaches into the box...
Trade closed: target reached
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Lisk in the box... I have closed my trade. (Playing safe with my college funds ;)) Donations welcome!
Now, others may wait for a confirmation of trend reversal by an additional candle or two. Please buzz if anyone is following this trade for active comment from me!
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The baby is absolutely obedient! Perfectly set in the box and touched lower frame too. Now let it remain there and introspect ;)
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I have no clarity if anyone has traded at all... Anyone bother to share?
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The King Kong is ACTIVE!
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The King Kong Lives!!! ;) Whoever traded this should have made a hell lot of money! Make good use of it!
I see a bull flag on your chart and possibly a cup forming.... If we breach the 50 day SMA, maybe we hit the king kong line, but the way the 20 day SMA is looking the turnaround, to the upside, might happen within the next 2-3 days versus the next 10, I think. Also, look at your MACD lines it could be a fake-out but there are hints of bullish divergence... I guess it is the risk takers moment right now....
indian_ceaser
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@chestercat99, Yes, my very wise cat ;) (Sorry, had to say it as I loved Alice in Wonderland as a kid). I am keeping my fingers crossed for a strong outcome. By the 10 days, it means anytime during these 10 days of which 3 are already gone.