Liberty $LBRT falls past first previous low stop; SUPPORT?!
Updated
LBRT re-tested a previous trough @ 6.44. It found some good support at that line, but it is now starting to dip below it. We are thus targeting 5.6/s as the rough area for it. Considering a top out was previously called at 10.44... this is a 100+% ROI on a mega-long-swing. That said, be patient w/ entrance and also with exit -- if you like "quick results," this isn't your play.See also the related idea wherein these entry points were first charted (more of a Proof than any reason to really read it - most of the same things were just said here, but it's an update).
HAPPY TRADING, Bears & bulls!
(I am a bear today anyway)
-BDR
Comment
The fall is mostly approximate at this point...6.4 is a strong support level, but we'll let this play out through at least the rest of the trading week before any re-entries.
Comment
Re-entered at 6.60. Any trace to the bottom low will just be an "oh well" since the correction to true value may take "A BIT" at leastComment
1/2-exit at 8.4/s will be executed with the second half waiting on the fuller correction after it meets the resistance it likely will at that level..
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