LNTH: Ready for 40%–90% value drop– No interconnectable formations within main formation
– No leg since mid 2016 (extremely bearish), must return to lower trend line
– Significant volume drop (below average), sharp corrections expected
– Unbroken PSAR series from 2016 to 2018 will now be mirrored in a down trend
– 8 out of 9 indicators point to much lower stock value, 1 'neutral
Very straight forward and easy to read technicals. Low risk short-trade, value drop of approx. 40% (T1) within 4-7 months, or total value drop of approx. 90% (T2/T3) by end of next year.
Enter short position when stock closes below 18 with a 'monthly' candle (bear signal).
