Looks like LSPD (lightspeed) is showing some signs of reversal. I was quite bearish since september 2021(you can check my previous ideas) but I am confident that this could be a good entry to LSPD to long. Will update targets later.
Momentum is weakening for LSPD. It definitely had a great run. The chart shows on a weekly timeframe the MACD is slowing down for a possible reversal. It also did this a little while ago with 35% correction. I expect a possible slow correction of 35% down to around $105-$108 over the next several weeks.
Let's go to 13.76 (take profit) Entrance= 12.75 SL= at or below 12.60
LSPD is going to report lower quarterly revenues than last month in next week's earnings results, but its stock is in a sympathy move upward with the rest of the market bounce today. This is a prime example of the need to wait for confirmation of a bottom developing. As always, one up day is not a reversal. It may be the start of a bottom formation, but bottoms...
Lightspeed POS Inc. provides commerce enabling Software as a Service (SaaS) platform for small and midsize businesses, retailers, restaurants, and golf course operators in Canada, the United States, Germany, Australia, and internationally. Its SaaS platform enables customers to engage with consumers, manage operations, accept payments, etc. The company’s cloud...
LSPD : Growth stock . Got beaten down badly. This is the weekly chart and as they say... previous resistances become support once broken . Well this one is beautiful. If you trust that you might want to put LSPD on your buy list. I like it long term, as an investment . Entry level around 34. Is it going to crash to zero and prove me wrong? Of course it is my...
NYSE:LSPD The lines represent the price level that has been traded upon or will be traded. The more it hit the line, the stronger the level. It can be use to set profit taking price or stop loss price. Every level is of same significant until order flow trades upon it. DYODD.
IMO this is the support and resistance for LSPD atm. This will be a good guideline of when is a good entry point and when to exit. The entry point will be right above the support line and exit 25% near the resistance . Make sure to put a stop sell just in case it breaks the support.
I put two targets, but I don't think 2nd target is possible, it could be if their earnings are gonna be bad next month. I still see this as a good opportunity to increase your position in this stock.
Just saw a reversal pattern rising wedge which is why I put a stop limit sell order around $96, but that is still cutting it close so might have to lower it. If it doesn't get past $90 it may be a double top downtrend. Wishing it to go down actually so I could increase my position, so I guess this is a good opportunity.
I don't think we are ready to challenge higher highs. We need more time. Maybe a couple of weeks as buyers slowly step in... Trade safe~