LSI is coming against its longterm trendline. We have about another $0.50 down until a decision has to be made. On one hand we could see a bounce back off the trendline if it can be held. However, the most recent high was lower than the previous high, creating a head and shoulders pattern. The distance from the neckline to the top of the head is about $3.20,...
Watch closely the support line at the top of this rounded bottom. Look for a breakout to $184 or retracement back to support around $152. Momentum indicators point toward the former, but wait for a close above the resistance of $175.
