Falling resistance and rising channel support in DARK BLUE created a symmetrical triangle after the Feb 12 all-time high. Stiff resistance was finally broken on a daily and weekly basis, after a multi-month consolidation, clearly showing that bulls are in control. All-time highs will be tested soon; if this powerful and now re-energized uptrend contiunes, then the...
$LITE was on move yesterday and may attack upward. watch for break outs. It is safe to be long when it gets above $80.18 12 months Consensus Price Target: $90.44 if you find my charts useful, please leave me "like" or "comment". Please don't trade according to the ideas, rely on your own knowledge. Thx
** Comments and Like are appreciated; New Subscribers are glowing! ** What I see... + Prices found Support from 200MA + Bullish reversal bar formed with healthy volume + Past Bullish Kicker candles implied a few days for bullish burst + 10MA still above 50MA - RSI is in bearish territory - MACD is also under signal line and in bearish territory - High...
Contextual immersion trading strategy idea. Lumentum Holdings Inc. manufactures and sells optical and photonic products in the Americas, the Asia-Pacific, Europe, the Middle East, and Africa. The share price fell after bad earnings. It looks like it will continue falling. The demand for shares of the company still looks lower than the supply. So I opened a...
What I see... + INside NR7 on -2d, followed by + Inside NR3 and NR7 combo + ...on lower vol. after earnings + RSI at 54 + Price support by upward trend and 10MA + Both 10 and 50 MAs are above 200MA... Prices held strong through mid-Feb and mid-Mar volatility! - Upper shadows when prices reache downward resistance line - MACD is closing into signal line What is...
"NASDAQ:LITE"]NASDAQ:LITE Great fundamentals with it being ranked 1st in its group. It broke that 82 resistance prior to earnings and failed but looks to be setting up again off earnings. It did miss guidance as that's the case with a lot of companies right now but it has demonstrated great growth if you look at the weekly and monthly. It has had three inside...
Lumentum (LITE) is near a buy point, after touching 3 points on uptrend line which validates it as a confirmed uptrend line. Consider to buy above the near-term resistance line marked on the chart. LITE has a good sales growth as well on the EPS growth rate for the last 3-years. LITE will announced its earnings today (Tuesday 5 May 2020). I highly suggest you to...
$LITE is breaking out $82.38 which was critical resistance. RSI also did higher high. The volume is lower than average so needs more attention. The target will be the pviot.
LITE is forming a symmetric triangle in Daily charts and we need a strong breakout either way accompanied by strong volume. Earnings Report is due on April 29.
Hi, today we are going to talk about the Lumentum Holdings Inc and its current landscape. Huawei and its suppliers received exciting news, as the U.S. Commerce Department renewed a 90-day period extension, that grants to American companies’ permission to continue to do business with the giant Chinese telecom companies. Commerce Secretary Wilbur Ross's announcement...
Tend Shift Indicator still showing concave downward arc. Wait for opening upward red to green as a buy confirmation
It is a horrible time to be invested in TECH, it is obviously going to be sacrificed in the trade war, Huawei has become enemy Number 1 and any company with Chinese exposure has suffered great loss in value in the past few weeks. NASDAQ:LITE has considerable exposure and has now lowered guidance due to the ban initialised on Huawei. The chart of Lite is...