/biz/ - Business & Finance

>>16739081
I mean that would make sense if this was Microsoft or a company that you know would do great for years to come. The problem with your strategy is that LCI might keep on smashing ranges downwards and end up below your current position, so you just lost a potential profit of 100+ percent. DCA is completely valid if it has to do with a company that hasn't been in a massive fucking downtrend for years and haven't even been EVEN CLOSE to breaking it. For example, if LCI doesn't hold this range we are in now we're looking at testing the 6-6.50 range.
Here look at this REVERSED chart of LCI. Does it look like it will go down or up? To me it looks pretty damn bullish, like it wants to test the $4-$6 range before finally retracing back to $12-$13