We are using Capitulation Strategy on this counter. What we can see from the charts, it has a row of 5 bearish candles that creating lower high + lower low and come along with a confirmation candle. This is a One White Soldier Pattern. So there's is a high possibility for the price to snap back to the moving averages. Basically we are aiming 2R or further before...
As of 9:27 am edt, LGF expected to open below 31.84; if it opens below this price consider using the Retest Gap strategy. To learn to trade this strategy for free go to www.RealLifeTrading.com