LWLG (Lightwave Logic, Inc.) is a technology company focused on developing advanced electro-optic polymer materials and devices for high-speed optical data communication. Its technology is designed to support faster and more efficient data transmission for applications such as data centers and telecommunications.
After reaching a major high around $18.50, LWLG went through a sharp decline and entered a prolonged bearish phase. Price is now testing the blue monthly demand area, which represents a strong zone where a potential rejection and bullish reaction could develop.
⭕As price is testing this demand area, we can start looking for buy setups on lower timeframes as a medium to short-term opportunity, anticipating a potential recovery from this zone.
⭕From a long-term investment perspective, buyers would need to break above the last major high highlighted by the green trigger area. A successful breakout would provide an important indication that momentum is shifting from bearish to bullish and would strengthen the case for a broader long-term recovery.
⭕However, if the monthly demand area fails to hold and sellers manage to break below it, the focus would shift toward the lower support and demand area, where another potential reaction could develop.
The reaction from the current monthly demand zone will be important in determining whether buyers can start building a recovery or if the broader bearish structure still has room to continue lower.
⚠️[ i ]Disclaimer: This analysis reflects my personal market view and is not financial advice.
Rayan Nasser
#LWLG #LightwaveLogic #Stocks #StockMarket #TechnicalAnalysis #PriceAction #Trading
After reaching a major high around $18.50, LWLG went through a sharp decline and entered a prolonged bearish phase. Price is now testing the blue monthly demand area, which represents a strong zone where a potential rejection and bullish reaction could develop.
⭕As price is testing this demand area, we can start looking for buy setups on lower timeframes as a medium to short-term opportunity, anticipating a potential recovery from this zone.
⭕From a long-term investment perspective, buyers would need to break above the last major high highlighted by the green trigger area. A successful breakout would provide an important indication that momentum is shifting from bearish to bullish and would strengthen the case for a broader long-term recovery.
⭕However, if the monthly demand area fails to hold and sellers manage to break below it, the focus would shift toward the lower support and demand area, where another potential reaction could develop.
The reaction from the current monthly demand zone will be important in determining whether buyers can start building a recovery or if the broader bearish structure still has room to continue lower.
⚠️[ i ]Disclaimer: This analysis reflects my personal market view and is not financial advice.
Rayan Nasser
#LWLG #LightwaveLogic #Stocks #StockMarket #TechnicalAnalysis #PriceAction #Trading
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.
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.