LRC 6 Hour chart: Big potential in the mid-long term>?

28 apr 2018

Hello hello! I already have a 30 minute chart posted, but wanted to take a look at the bigger picture. LRC has been looking awesome. It blasted through the current resistance zone and still has healthy RSI and other indicators. It looks like we are now forming a large bullish pennant on the 6 hour. If the pattern plays out we could see it elevate another 40% in the mid term. Currently on the 30 minute, we appear to be creating a rising wedge, which can be a bearish reversal pattern. I'll be looking for it to possible fall through this and retrace back into the pennant a bit before pushing up and out. I haven't entered this trade yet, but thinking of doing so within this pennant.

ROOKIE trader; Follow at your own risk!
-Solid horizontal orange line: I bought at that price
-Dotted horizontal orange line: mock buy, not in the trade yet
-Solid horizontal pink line: Stop loss/sell implemented
-Dotted horizontal pink lines: Targets

2 mag 2018

Trade chiuso: stop raggiunto

Hit the stop trailing stop at 10125 sats for a 3% profit.