LKE @ 4 NOV 2021
Text me if you have any questions/comments for me.
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LKE
- Previous analysis was done on 21 Oct (red arrow) -> Suggested waiting for a retracement and a successful rebound
- Since then, the stock has strapped on rockets to comfortable close above the psychological resistance at $1 levels
- On 14 Oct (blue arrow), I suggested entry around 62 cents levels and following that recommendation would mean getting almost 77% gains
- A retracement or sideways price consolidation would be good for the mid-term health of the uptrend
- A strong pullback could still take place
- R is more than 10%
- Strategy-to-buy (DYOR) – Suggest waiting for a retracement and a successful rebound
-----
LKE
- Previous analysis was done on 21 Oct (red arrow) -> Suggested waiting for a retracement and a successful rebound
- Since then, the stock has strapped on rockets to comfortable close above the psychological resistance at $1 levels
- On 14 Oct (blue arrow), I suggested entry around 62 cents levels and following that recommendation would mean getting almost 77% gains
- A retracement or sideways price consolidation would be good for the mid-term health of the uptrend
- A strong pullback could still take place
- R is more than 10%
- Strategy-to-buy (DYOR) – Suggest waiting for a retracement and a successful rebound
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