Lightspeed Commerce Inc. Subordinate Voting SharesNYSE
Description
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Looking at LSPD chart, can see a breakout pattern emerging. Can also see wyckoff accumulation pattern
Upside potential minimal 0.236 retracement if it's a wave 4, or if started brand new bullish leg as wave 1 (we'll only know once the wave 2 pullback successfully restests than current low, that can take months from now). DCA the dip, sell 50% at 2x, 3x and let it ride risk free for life.......and then on major pullback, we'll aim to do it again!
@Addicted2vtec, sure man, looks like a beautiful classic accumulation/distribution pattern. Canadian stocks trade bit differently than American stocks keep that in mind, they can hold better but they also tend to move slower, which isnt a bad thing. Keep an eye on global indices along with XLF for financials. These are key. If you sell 50% at 2x your price, the remaining position 50% becomes 100% risk free (for LIFE), just a an example of a strategy to apply. I do like taking 25% off the table at around that 2x mark and then try to build a larger position on large pullback if market provides it. Red flags are key resistance levels where buyers will be looking to book profits, try to take some just before them