shell4k

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Markets Allocation
100 % stocks
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LM 100% | 1
shell4k shell4k LM, D, Short ,
LM: LM short at 43.87, target 42.84
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LM, D Short
LM short at 43.87, target 42.84

After a steep rise of the past few weeks, LM looks like it's making a short term correction. Based on a fibonacci retracement, potential support presents itself at $42.72, leaving us with a risk/reward ratio of 2.64. Placing a stop at 44.26 limits our risk to $.39, making this a profitable opportunity. Note, the 8 and 34 EMAs made a bearish crossed last week, ...

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