Long

LPI - Good Buying Opportunity?

Updated

After making a Higher High and then pulling back, LPI seems to be right on support at the moment. I am expecting a break of the trendline with High Volume which shall give me confidence to buy, targeting the previous highs and my stop will be below the previous swing lows!!

Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.

Note

Trade active

LPI has been moving well in a decent uptrend making Higher Highs and Higher Lows. After its recent pullbacj, It has managed to close above the Bearish Trendline with decent volume as expected. I will be targeting the recent highs and the Point of Control Level of the Volume Profile as my Take Profits Level.

TP1 - $0.300 (potential gain 17%)
Tp2 - $0.330 (Potential gain 29%)
Stoploss - $0.220

Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.

AsimMirzaTrader

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