Possible 66% move coming from bottom of broadening wedge
Lotus is currently flashing a broadening wedge pattern. Assuming the bottom is not yet in and another leg down is in order we're looking at a measured move of 66% from the next likely bottom on the lower trend.
Note
Despite the broader sector providing the downward thrust for URA's Cup and Handle, Lotus is proceeding apace. We'll see if the greater market struggles catch up to it. Spot is all hedgie gamesmanship at the moment.
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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.