Little ascending triangle attempting to form. It appears to have had 2 touches forming the top line and coming back to validate the support incline. I'd wait to see candles represent something bullish before entering here. If an entry here is taken, plan to close out your risk at the resistance line as a breakthrough is not likely on this run up in my opinion....
Bounce off 200ma , last candle's volume was more than previous red candle but price didn't close lower showing buyer's presence. Bounces off trendlines as well. A long going into next week.
LII is a low volume stock but one which is beginning to show signs of trending well since breaking above the 200ma in October 2014.
At that time there was major resistance ahead with price trading below the March 2014 pivot high ($94.69) and the $100 figure. The March high proved the more difficult to crack with price hanging around the $92-$97 zone for several...
