Welcome to RiskMastery's Breakout Stocks - Stocks with breakout potential.
In this edition, we'll be looking at NASDAQ:LPRO ...
I believe this code is at a point of potential volatility.
If price can hold above $8.37 ... Bullish potential may be unlocked.
My key upside targets include:
- $10.25 (Conservative)
- $11.76 (Medium)
- $15.56...
Market is finishing 1 to 5 Elliot wave theory, and we are expecting an ABC correction to the opposite direction.
and an entry after the retrace to our buy zone.
$LPRO forming a handle, after a 23% dip. Lending a credit lines are increasing as the economy opens. Banks reporting will give us a better look.
Looking for $43.10 entry point, earnings 8/17. Option call might be a good way to trade this stock.
Good looking coil in LPRO as it finds support at the 10-day EMA. Waiting for a breakout on above average volume. I'm long since 9/25 but would look to add to my position on a breakout.
