The Daily Show: LTC Break Out (D)

You know my favorite thing about big picture stuff; it is up or down.

To summarize this quickly; breakout. We still have a potential to break down or up with this triangle but since the prevailing trend was up I am leaning that we continue that way.

Is the bottom in? Beats me, somewhere above Zero.
What is the top? Beats me, somewhere above Zero.

Not advise, just my opinion.

Comment:

Pay close attention to the 148-147 area on the daily. That is where the 55 EMA is and we could see a pull back to the 140-138. From what I have seen, however, it does not pull back to its full potential. So, play the dip at your own risk.

I saw someone think we would pull all the way back to the upper 120's. When we hit 140-139. We did not even come close.