LTRX .... Target: 2037 Candles = 2 months Patterns: Cup/Handle, Adam/Eve TA: Elliott Waves 1-5, Channels, Trendlines Fibonacci Friends > Levels: 38.2, 61.8, 1.618, 2.618 > Circles: Trend Validation Chart ID: WVP1A9DD Layout: Unnamed Template Public Share Disclaimer: DYOR, NFA, For Future Reference and Back Testing
Coming out of the March 2020 low, the 200 day EMA support indicated a relative bottom before a breakout and continuation. With LTRX breaking out of the pennant after a 200 day EMA bounce, the idea is lightning will strike again
Current breakout in channel.
Lantronix, Inc.
ltrx
Trailing buys set from $2.27-$2.18 Expecting consolidation. Targeting $2.51 to start taking profit. 1:3 risk:reward ratio
read our free bi weekly blog sundays and wednesday join our whats app service gets picks early
