TRADE OF THE DAY | LUNC big breakout potential 14.5%
TRADE OF THE DAY | LUNC big breakout potential 14.5%
LUNC is finally looking like a significant move might be on the cards after a long slow grind down. A key breakout of a descending triangle pattern and also a longer term trendline is key. There is a minor divergence although only minor, there is now a key local resistance at 938 it will need to break and very close to overbought territory so further retrace can be expected.
Its a very, very choppy market at the moment so all trades rnare high risk.
LUNC is finally looking like a significant move might be on the cards after a long slow grind down. A key breakout of a descending triangle pattern and also a longer term trendline is key. There is a minor divergence although only minor, there is now a key local resistance at 938 it will need to break and very close to overbought territory so further retrace can be expected.
Its a very, very choppy market at the moment so all trades rnare high risk.
