LPLA just fired a daily squeeze (and is compressed in a squeeze on the weekly & monthly timeframes). Additionally, it's coming out of a head & shoulders pattern off the major bullish trendline. Key Fibonacci levels roughly align with the prior high at the 1.618 extension ($270-275) and the head & shoulders upside projection is at the 2.618 extension ($313-316)
The PEAD projected a bullish outlook for $LPLA after a positive under reaction following its earnings release placing the stock in drift A with an expected accuracy of 60%.
The PEAD projected a Bullish outlook for $LPLA after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 66.67%.
The PEAD projected a Bullish outlook for $LPLA after a POsitive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 50%.
The PEAD projected a Neutral outlook for $LPLA after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 33.33%.
LPLA Analysis for potential C+H breakout.
Going long with January calls strike $185 looking for PT1: $200 PT2: $230
This could be a potential 1000% play.
Volatility contraction patterns (VCP) which was popularized by Mark Minervini have been spotted in NYSE:COF , NASDAQ:COHR and NASDAQ:LPLA , which could be the signal prior to a start of the uptrend.
Find out how to trade the breakout with volatility contraction patterns to catch the potential explosive move to the upside.
A clear resistance boundary around $85.80. A decisive daily close above that level will confirm the chart pattern and set the stage for a potential run to round number $100. Wait for breakout Confirmation for long entry.
Watching for a breakout (happened) and close above $86 (hasn't happened as of July 18 mid-day). That could signal another advance after a consolidation period below $86. The shakeout/false downside breakout in June was a good sign for the upside.
Swing trade target is about 8% above the breakout level, near $93. With a tight stop loss the reward:risk is greater...
I've been really liking this channel for the last month. People are short on LPLA because it's at PRICE ACTION resistance, right at the point when LPLA's price dropped overnight. I think this channel will get LPLA to break through the PA resistance. In my book, RSI always takes precedence over the price action, because RSI is relative and allows us to compare...
a really long RSi down trend clearly broke in late February. I drew a horizontal trend line at that support point, and the RSI is about to bounce off of the trend line.
