Lands end is showing strong signs of bouncing off support. This is after the past few months have been showing a nice wedge / consolidation pattern and it broke out nicely. Good odds that this is the formation of an elliot wave (wow I'm finding a lot of these today).
Date found: March 2nd, 2017
Logic: Support, minor fib...
LEis forming a bump & run formation, followed by big insider buying in July. also looks like a potential fallen angel pattern.
We think it will start moving higher from here. For entry we would prefer if it declines a bit to 15.10 or closer. Our first target is 16.93, just below 23.6% fib level.
You can check our detailed analysis on LE in the trading room/...