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 trade ideas
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.
LPTH 56% rise ahead. LPTH 56% rise ahead. LPTH(Light Path Technologies Inc.) is an exciting company with a big development ahead. The company primarily manufactures optical lenses for various industrial devices. They make lenses for night vision, infrared sensors, thermal sensors. In recent years, they have also been involved in the optical development of Lidar scanners and the development of collimators for these scanners. They have been involved in the construction of the Mars exploration robot. In recent months they have seen a sharp increase in their revenues. Their order book is growing exponentially. They are constantly forced to increase their production capacity. In my opinion, it is time for the share price to rise. The first upward wave cycle has been stopped by the fair value of the share : 3.25 usd. It can also be seen that a corrective movement has started from this level. Its bottom is the extension of the thick white axis. This axis is none other than the D1ATR axis, which is technically a pivot support axis. My hypothesis is that bouncing back off of this could create a further upward wave cycle. With a first target price of 4.54 usd
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.
LPTH#LPTH, lidar company. The trade is based on the C&H pattern, and a triangle cap retest. Breakdown of both the triangle and the cup lid is expected after reaching 2 targets - $ 5.98 and $ 7.33, which adds up to a 70% increase. Expectations are also fueled by a possible #AAPL deal for the AppleCar project.
LPTH Possible 10% UpsideLooking at the LPTH stock, it's met resistance at two opportunities to surpass the mid 4.80s. In both cases it then retreated to a low around 3.73. MACD re-entered positive territory today and the trend looks ready to repeat itself over the next 10 to 20 days.
Starting a stop loss around $4 would expose only 4.7% at the current price (4.20 as I write this) while allowing for an upside gain around 10% assuming the trend continues.
DEMA 10 & 20 are riding directly atop one another at the current price, and MACD is barely positive. The conservative trader should wait for a bullish continuance to be sure of the stock's direction before jumping in.
$LPTH can rise in the next daysContextual immersion trading strategy idea.
LightPath Technologies, Inc. designs, develops, manufactures, and distributes optical components and assemblies.
The demand for shares of the company looks higher than the supply.
This and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $4,80;
stop-loss — $3,40.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
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LightPath Technologies, Inc. 20% Upside LightPath Technologies, Inc. designs, develops, manufactures, and distributes optical and infrared components. Its products include molded glass and assemblies; infrared molded lenses, diamond turned, conventional ground and polished ground lenses and assemblies; and Gradium lenses. It supports a range of customers in the field of industrial, laser, defense, medical, telecommunications, and instrumentation. The company was founded on June 15, 1992 and is headquartered in Orlando, FL.
LightPath To Recover and Get Back on the Path to $5 Resistance Selling has been over done for the bright high bandwidth high tech communications company. Infrastructures need more and more bandwidth and this company has proven itself to be one of the companies out there that can deliver the goods. The recent glitch in deliveries is due to the transient COVID situation temporarily impacting production. They will soon be back on track to making those sales growth numbers everyone is expecting. I'm predicting a two to three week recovery period for this stock and then it will be pushing up towards resistance at $5. Entering my position at this gift of an entry point. Might see some continued weakness into the end of the week but then recovery should start immediately there after.
$LPTH More upside to come LightPath Technologies, Inc. designs, develops, manufactures, and distributes optical and infrared components. Its products include molded glass and assemblies; infrared molded lenses, diamond turned, conventional ground and polished ground lenses and assemblies; and Gradium lenses. It supports a range of customers in the field of industrial, laser, defense, medical, telecommunications, and instrumentation. The company was founded on June 15, 1992 and is headquartered in Orlando, FL.