$LAES — Watching for a Reversal Attempt After Finding Bid SupporNASDAQ:LAES has been in a controlled downtrend over the past several sessions, but today’s early movement shows the first signs of stabilization. Price has now tested the $4.12 demand zone multiple times and continues to hold, creating a potential short-term base for a bounce attempt.
This level has acted as the intraday pivot between continuation and reversal — and the more it’s defended, the more likely we get a push back toward the overhead red resistance bands.
Today’s price action is showing small but consistent higher lows on the 15-minute chart, signaling early accumulation.
📊 Technical Overview
Support Levels: $4.12 → $3.93 → $3.88
Resistance Levels: $4.17 → $4.26 → $4.40 → $4.73
Structure: Micro downtrend → flattening momentum → possible short-term base
Momentum: Early intraday bullish signals printed on the RSI with small bullish divergence
Trend Bias: Neutral → modestly bullish above $4.12
Price has not yet broken the larger red zone overhead, meaning buyers still need confirmation before momentum fully shifts.
📈 What to Watch Next
1️⃣ Reclaim of $4.26
This is the first meaningful trigger that would flip intraday momentum bullish.
A break above $4.26 opens the door to a move into:
$4.40
$4.73
And potentially the $5.17–$5.40 zone (major prior liquidity pocket)
This entire area is stacked with prior sell orders — if volume comes in, it can accelerate quickly.
2️⃣ Holding $4.12 Support
This is the key to maintaining the current structure.
A close below $4.12 risks:
A drop into $3.93
And the final support at $3.88
Below $3.88, the chart re-enters the deeper breakdown zone.
For now, buyers are defending this level well.
💡 My Plan
Reversal Entry: $4.17 → $4.22 on higher-low confirmation
Breakout Entry: $4.27+ on volume
Targets: $4.40 → $4.73
Stretch Target: $5.17 / $5.40
Invalidation: Breakdown below $4.12 → back into bearish continuation
This chart is still early in the reversal formation — but if the $4.12 base holds, momentum traders will start stepping in.
🔥 Final Thoughts
NASDAQ:LAES is showing its first signs of stabilization after a multi-session sell cycle.
Now all eyes are on whether it can reclaim $4.26 to flip momentum.
Do you see NASDAQ:LAES attempting a reversal here — or does it need one more pullback before liftoff?
Drop your thoughts ⬇️ and I’ll post the updated chart with new levels.
NASDAQ:WKEY $LAESQ
