LKCO recently bounced off of ascending triangle support line.
LKCO returned to resistance of previous wedge patterns and continued to break through resistance of the following wedge pattern.
Assuming we follow a similar pattern we expect a breakout of the larger wedge pattern to the $3 - $4 range and a return to the $2 support line and breaking out of the ascending triangle pattern to reach $5
Short term target $3
Stop loss $1.35
Long term target $5
LKCO returned to resistance of previous wedge patterns and continued to break through resistance of the following wedge pattern.
Assuming we follow a similar pattern we expect a breakout of the larger wedge pattern to the $3 - $4 range and a return to the $2 support line and breaking out of the ascending triangle pattern to reach $5
Short term target $3
Stop loss $1.35
Long term target $5