Livepeer LPT Price Targets abnd Stop LossLPT
Entry Range: $22.30 - 25.30
Price Target 1: $27.10
Price Target 2: $30.60
Price Target 3: $34.30
Stop Loss: $19.90
LPTH
LPTH is still uncertain.LPTH is still uncertain. My analysis shows that the LPTH descends in a downward-tapering triangle. The two sides of this triangle are formed by ATR axes. Since both ATR axes are decreasing, this suggests that the ATR of the wave sequence moving within the axis,( which directly implies its volatility) is also decreasing. And the decreasing volatility means that a stronger momentum movement may soon be underway. Its direction is rather uncertain. A move up could be in favour, starting from the lower red dashed line. This could lead to a rise from a double bottom. If this set of rules holds, then the target price is twice the last local rising structure according to the double bottom set of rules. In the current case, 3 usd. As I mentioned now caution is advised and it is advisable to wait for the yellow wave phase to be completed. Then wait for the back test on the upper ATR axis. If this also happens, there is a better chance of entering a profitable LONG position with a primary target price of 3 usd.
LPTH 45% rise ahead.LPTH 45% rise ahead. My assumption is that LPTH is in an accumulation range. Currently it has reached the bottom of the range. From this level a rise is expected. Target price : 2.96 usd
LPTH still within the typical rangeNews out afterhours showing that that LPTH has been awarded the renewal of a multiyear supply agreement valued above $2.4 million which is a 50% increase over the prior contract. The supply agreement is for two types of glass aspheres which enable a global industrial engineering company to manufacture precision measurement and motion control devices across a diverse range of industries including additive manufacturing, aerospace, automotive and healthcare.
That upper resistance level lines up almost spot-on with the 618 Fib line. Meanwhile the 786 fib has only been tested a few times as a lower level of support in the last few months. I guess we'll have to see if there's enough juice to squeeze out of this range in the morning. Either way, I don't think I'll start getting excited unless we break, hold, and test that upper fib as a new support after tomorrow.
LPTH is the next meme stock ?LPTH is the next meme stock ? LightPath Technologies(LPTH) is working with sectors that will invariably be the sectors of the future. Space exploration, Mars mission(NASA), self-driving cars, cloud systems, global internet, military industry, drone and robot technology. Market supply opportunities have been identified in these areas. In other words, the fundamental support for the company is very strong. It is this that ensures that it becomes a meme stock and that community groups "hype" the share price. The possibility of this also coincides with a fractal formation that is now taking shape. In the event that the fractal shown in the diagram starts to build, we could see a significant series of movements typical of meme stocks. In conclusion, I believe that both fundamentally and technically this stock could become a meme stock in the coming months.
mid term +3,500%LightPath Technologies, Inc. designs, develops, manufactures, and distributes optical components and assemblies. The company offers precision molded glass aspheric optics, molded and diamond-turned infrared aspheric lenses, and other optical components used to produce products that manipulate light. Its products are used in defense products, medical devices, laser aided industrial tools, automotive safety applications, barcode scanners, optical data storage, hybrid fiber coax datacom, telecommunications, machine vision and sensors, and other industries.
