Life360 helps families stay connected and safe. It lets you share your location in real-time with loved ones, get alerts when someone arrives or leaves a specific spot, and even warns you if there's a car accident. Plus, it offers roadside assistance and identity theft protection. This could also have several applications in the industry and location of important packages.
Life360 is on a roll financially, with growing revenues and plans to expand with new tech, like a global satellite tracking network and services for pets in 2025 and seniors in 2026. They're also reducing losses and boosting income, which is a great sign for the future. With smarter advertising on the way, they're set to keep growing and innovating.
With this introduction, Life360 is a strong candidate for a long-term investment. However, our goal is to achieve fast profits with minimal risk, while continuing to search for other opportunities.
Last week, Life360 closed within a well-defined support zone around the 39.60 level. Purchasing at this level offers the potential for a 20% gain in the coming days, with a limited downside risk of only 3% to 4% (stop-loss zone).
Boosting the Trade to a Risk-Free Position
A common outcome for a multiple-bottom support pattern like this is a breakout, often followed by a rapid price decline. However, there is a strategy to capitalize on this scenario:
1. Buy 50% of the position with a take-profit (TP) at the first target.
2. Buy the remaining 50% with a TP at the second target area.
If the price rebounds to the first TP, we will secure a 6% profit, effectively ensuring a risk-free trade. In fact, this would result in an overall return of (6% × 50%) + (-4% × 50%) = 1% profit for the entire initial position.
If the price arrives to the 2nd target, a profit of over 13% will be done in few days combining both positions.
Life360 is on a roll financially, with growing revenues and plans to expand with new tech, like a global satellite tracking network and services for pets in 2025 and seniors in 2026. They're also reducing losses and boosting income, which is a great sign for the future. With smarter advertising on the way, they're set to keep growing and innovating.
With this introduction, Life360 is a strong candidate for a long-term investment. However, our goal is to achieve fast profits with minimal risk, while continuing to search for other opportunities.
Last week, Life360 closed within a well-defined support zone around the 39.60 level. Purchasing at this level offers the potential for a 20% gain in the coming days, with a limited downside risk of only 3% to 4% (stop-loss zone).
Boosting the Trade to a Risk-Free Position
A common outcome for a multiple-bottom support pattern like this is a breakout, often followed by a rapid price decline. However, there is a strategy to capitalize on this scenario:
1. Buy 50% of the position with a take-profit (TP) at the first target.
2. Buy the remaining 50% with a TP at the second target area.
If the price rebounds to the first TP, we will secure a 6% profit, effectively ensuring a risk-free trade. In fact, this would result in an overall return of (6% × 50%) + (-4% × 50%) = 1% profit for the entire initial position.
If the price arrives to the 2nd target, a profit of over 13% will be done in few days combining both positions.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.