Textbook Cup n Handle

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Bucking the trend once more. After an 82% correction from its May 12 high of $.90 LRC spent 41 days to reach its June 22 low of .17. This is where it was at the beginning of the new year in January. Nice base encompassing 101days to form the cup, heavy volume on the pumps, this should have some great upwards momentum. Enter at .54 Stop at .44 TP1 @.89, TP2 @1.06, TP3 @1.35. I will add trade setup in an update.

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ملاحظة

Trade setup for LRC

٢٩ أغسطس ٢٠٢١

ملاحظة

Wow! Did not expect LRC to pump this much in one move! But if it pumps this hard it usually pulls back. That's where Fibonacci levels help guide us. I sold half @.71 and gonna re-enter @ .64. Happy trading! :)