Accumulation complete, wealth distribution commenceVery typical pattern for profits here. Take a little portion of your portfolio to accumulate at this level before price goes parabolic. Price has consolidated at these levels for far too long and is now finally inching higher, after gathering immense demand. Expect price to visit all fresh supply zones above.
LSPD trade ideas
LSPD - Bullish ReversalLSPD (Lightspeed) appears to be oversold at the moment. The arrival of the new CEO is expected to significantly boost the stock. Additionally, there are signs of a potential reversal, particularly on the lower timeframe of 15 minutes, with an inverse head and shoulder formation indicating a possible turnaround. I anticipate LSPD to rebound and test the resistance level between 21.5 and 21.9. Best of luck to everyone, but please remember that this is solely my opinion. Conduct your own analysis and risk assessment.
LSPD Lightspeed Canadian FinTech looking to breakoutLooking at LSPD chart, can see a breakout pattern emerging.
Can also see wyckoff accumulation pattern
Upside potential minimal 0.236 retracement if it's a wave 4, or if started brand new bullish leg as wave 1 (we'll only know once the wave 2 pullback successfully restests than current low, that can take months from now).
DCA the dip, sell 50% at 2x, 3x and let it ride risk free for life.......and then on major pullback, we'll aim to do it again!
LSPD - A possible correctionMomentum is weakening for LSPD. It definitely had a great run.
The chart shows on a weekly timeframe the MACD is slowing down for a possible reversal. It also did this a little while ago with 35% correction.
I expect a possible slow correction of 35% down to around $105-$108 over the next several weeks.
Lightspeed LSPD stock Bullish opportunitywe are seeing a Bullish head and shoulder bottom pattern
Bullish Scenario: If we get break out above the Head and Shoulder bottom Neckline resistance range ~ 23.63-24.20 $ the first target will be ~ 29.9 $ and will be reassessed up or down from there. but likely to hit above 50 $ short term
bearish scenario: if price breaks below support 21.10 -21.46 $ then will be looking for short scenario.
LSPD: One Up Day Is NOT A ReversalLSPD is going to report lower quarterly revenues than last month in next week's earnings results, but its stock is in a sympathy move upward with the rest of the market bounce today. This is a prime example of the need to wait for confirmation of a bottom developing. As always, one up day is not a reversal. It may be the start of a bottom formation, but bottoms can take months to get hammered out.
This stock's current situation is a good reason to incorporate some fundamental analysis into your technical studies. There are just a few key things to check. Do yourself a favor and learn to do your own research; upgrades, downgrades and all that jazz is market manipulation. Go look at the press release of the last earnings report yourself to see what the company guided for the upcoming report. Nasdaq.com is a good site for this.
I wouldn't short here because it's nearing the end of the downtrend now.
I wouldn't buy yet because there's a little further to go before the strong support is reached and a bottom can take a while to develop.
PLUS, the knee-jerk crowd is bound to be surprised on May 19th. Meanwhile, the institutions have already accounted for a rough 4th quarter for this stock, but they also know that annual revenues have doubled this year.
LSPD is one for a watchlist to wait until the bottom is confirmed.
LSPD (potentially) in a Trading rangeI think we recently assisted to the selling climax followed by the best rally since the beginning of the down trend (Automatic Rally). If so, the 2 parallel lines on the chart should be our trading range for the next little while.
It’s too soon for me to tell if it will be a redistribution or accumulation. Time will tell. Until then, there might be good long and short trades near the edges of this trading range.
A secondary test of the selling climax low would be a good confirmation of the trading range.
LSPD : BOOMER / MOMENTUM TRADELightspeed POS Inc. provides commerce enabling Software as a Service (SaaS) platform for small and midsize businesses, retailers, restaurants, and golf course operators in Canada, the United States, Germany, Australia, and internationally. Its SaaS platform enables customers to engage with consumers, manage operations, accept payments, etc. The company’s cloud platforms are designed interrelated elements, such as omni-channel consumer experience, a comprehensive back-office operations management suite to improve customers’ efficiency and insight, and the facilitation of payments.
SOURCE : seekingalpha.com
LSPD: IS THAT THE PERFECT ENTRY?LSPD :
Growth stock . Got beaten down badly.
This is the weekly chart and as they say... previous resistances become support once broken . Well this one is beautiful.
If you trust that you might want to put LSPD on your buy list.
I like it long term, as an investment .
Entry level around 34.
Is it going to crash to zero and prove me wrong?
Of course it is my opinion only, so do your own research.