LKQ
LKQHello ladies and gentlemen, according to my chart analysis of the LKQ, there is a high probability of a decline towards the 46.24$ level in the next few weeks.
LKQ - Hidden Divergence - BullishOn the chart of LKQ, we can see a forming ascending triangle and we can see hidden bullish divergence on daily timeframe.
An ascending triangle is a bullish formation. The pattern gets validated when the price breaks out of the upside of the pattern.
By using the Relative Strength Index we can hidden bullish divergence.
A long position can be taken when the resistance of the triangle turns into a support.
See all further details on the chart.
Goodluck!
LKQ: breakout watchLKQ is currently at a resistance point of a downtrend channel that started back in December 2021.
Watch for LKQ to break that trend line. A break would mark a potential reversal of the downtrend.
I'll be entering a long position on the break, with a stop at 49.50.
The ideal situation is if we break 51.60/51.70, then maybe we can fill the small gap at 53/53.50.
Next targets are 56.48 and 60.14.
Trade safe
SHORT | LKQNASDAQ:LKQ
Possible Scenario: SHORT
Evidence: Price Action
TP1~ 42.5
PUT options, Strike 42.5$, 05 /21/21
This is my idea and could be wrong 100%,
Short-Term Drop For LKQ?Five of our algorithms point to near-term declines for LKQ on the hourly chart. Our first algorithm (version 1) has identified this event 23 times. All 23 times the stock has dropped at least 1% over the next few days. It has dropped as much as 3% more than half the time. We are projecting slight movement up which should last no more than 2 full trading days before the decline could start. This is based on historical action of this stock when all 5 algorithms are signaled.
Cloud Pullback: LKQTrading the Ichimoku pullback to the cloud on NASDAQ:LKQ with March options aiming to get the move to retest the high going into Earnings in February.
Long | LKQNASDAQ:LKQ
Possible Scenario: LONG
Evidence: Price Action
This is my idea and could be wrong 100%
LKQ- possible H&S short formation at the break of $30LKQ seems forming a Head & shoulder formation, but its yet to break below its neck line. If it can break below $30, it will be a good shorting opportunity.
*Trade Criteria*
Date first found- February 9, 2017
Pattern/Why- Possible Head & shoulder formation
Entry Target Criteria- Break of $30
Target & Stoploss - TBA
(Note: Trade update is delayed here.)
LKQ Day Trade Perfect Gap N Go (Brad Reed Feb26,2015)LKQ expected to open at 24.20 for a Perfect Gap N Go. To learn to trade this strategy for free go to www.RealLifeTrading.com
