LABU trade ideas
LABU still has to penetrate below channel arch.We are likely to see LABU break down out of the channel arch and hit 80-82 before it starts climbing again. We have some VOL to face during the next few days. Overall I am a cumulating a long position as it drops.
Lets see if it reaches the upper band of the channel arch.
LABU, long trade ideaI've been in an out of LABU over the years. I rode it up recently to the upper trend line. I now see a pullback complete and a chance we are breaking out of a bull flag higher. Stop anywhere below the flag (dotted red lines) should break above the upper trend line and move higher. IMHO