/biz/ - Business & Finance

>>16781119
>>16781114
I posted this back right before christmas.. and it's still following the trend...

>>16634504
Thats funny because I have also thought of it going to 7.50 range.. I do TA on trades but I don't base my entire strategy off of it.. I've had these lines on this chart for awhile which are more or less guide lines that tells me where the stock "could" be heading.. but aren't certain.

In may you can see that it tried to break out of a 5 year down trend resistance.. but yet it was "gapped down" back under the reisistance.. hmm.. wonder why they would do that.. LOL... Then it found some support in june around june and started a slow climb, then that spike in july basically made a new resistance that at the time seemed shorts piled on it heavy to keep it under that new resistance but in doing so they formed a wedge for TA traders... In late august it hit that new support thats now trending up and then gapped up and out of that wedge "that new reistance" this gap up led to a trend reversal imo... Now we are in an uptrend but have that gap... IF it goes lower.. I see it going to that 7.50 zone where I have that blue line.. thats because it might want to test that area one more time to basically establish a new chart with a new trend.... but.. i think if it goes down in that area.. it won't be down there long.. the trade is crowded and bulls are taking control...

So yes.. I think it could be possible for it to test 7.50 zone.. BUT trying to time something like that on meme lines isn't my cup of tea.. esepcially when i'm looking at the company and stock as a whole.. not just a chart..

LCI to $60