Yesterday, LX has a large upside spike making new all time highs following a rejection of the 20MA on the daily chart. Today, LX pulled back into a key level of support (Previous all time highs) and the 38.2% Fibonacci retracement level. I went long on this pull back after LX showed signs of strength intraday (Higher highs, higher lows).
Entry - 15.95
Stop...
I entered a long position in $LX based on some nice patterns I've been stalking for the past 2 days. $LX recently made a new 8 month high and pulled back into the 14.50 support area. For the past 3 days $LX has been consolidating right above this area of support with 3 inside candles in a row on the daily chart. On the 30m chart, $LX developed a coiled spring...
Hello Successful Traders,
The stock (LX) appears to be trending upwards (bullish) in recent time. Considering the prevalent trend, however, the overall market velocity (monthly and weekly) represents a slightly altered approach. Await For Confirmation Prior to Market Entry
Resistance Level 2 - (14.45 - 14.85) 40 cent interval
Key Price Zone (KPZ) - (12.00 -...
NASDAQ:LX Looking like a long. but shows a green candle below previous.
if this next candle shows bearish then it could be a reversal from the 2 green candle days. lets see what the next candles will show.
