LP1 trade ideas

fibonacci6180

Trading Idea 1) Find a FIBO slingshot 2) Check FIBO 61.80% level 3) Entry Point > 32/61.80%

HemiMedic

Not much to say about LEG. There seems to be a lot of chatter lately across the news outlets/social media platforms. I already hold a small position long term as a dividend hold. The valuations look good however, the one obvious issue are the supply chains. LEG has obviously been in quite the consolidation range, $31 support and $44 resistance with a few...

MadNigerian

Cause=effect Break out from area of consolidation from 7 months ago is pretty significant Buy 50-61% retracement from the breakout target 54 Adjust position size with respect to risk appetite. Good luck

motleifaul Updated 

The day is dawning and it seems as if the steam run out of this stock. I see a good corrective potential after the March rally.

motleifaul Updated 

We fell below the Bollinger band today and maintained the momentum.

Berzerk_invest

LEG (LEGGETt&PLATT), based in Carthage, Missouri, is a diversified manufacturer (and member of the S&P 500 Index) that designs and produces various engineered components and products that can be found in most homes and automobiles with market capitalization 5.61B. And now after huge uptrend the price entered into consolidation. Price is bouncing between two...

DocKaz

RSI oversold on most time frames Momentum appears weak at the moment and but stock has been consolidating in a tight channel since August 2020 Solid fundamentals with volume profile indicating possible interest at 50's, near its 52 week high Unknown time frame, this is a long hold until it reaches price target

AidanMDang Updated 

$LEG long opportunity within a parallel channel. Initial targets are $43.75 and $44.50 A channel breakout can push price much higher.

AidanMDang

Watch for a breakout to the upside. Update to previous idea:

stephanelibatd

Hey my friends, LEGGETT & PLATT is in a fake bearish configuration we see the last session a low sales volume but it seems to still want to buy. LEGGETT & PLATT is heading towards the last pre-session high to start higher, great potential to break the median forcefully to come to the last previous higher. Please LIKE & FOLLOW, thank you!

Will_Wong

Post Wave 5 correction almost complete. 68.2% will take it to $34++

melaosxp

3x potential trade but earning is too close for comfort, need to check again after 27th

AcornWealthCorp

LEG Looking good as short. Great breakdown below upward channel formed since October 27th. Moneyflow also broken down. We think it will decline further. * Trade Criteria * Date First Found- May 19, 2017 Pattern/Why- Upward channel breakdown short Entry Target Criteria- Break of $49.87 Exit Target Criteria- $45.13 Stop Loss Criteria- $52.6 Please check...

AlexVichev

Unless you want to experience a 30% decline, you might want to stay aside for a while.

iAnneTrader

LEG has been trying to breakout of a multiyear consolidation since May 2014. On the weekly chart I have drawn on the 1998 and 2004 highs (to highlight this point) and the more recent consolidation zone which lasted just over 5 months. Finally in October 2014 price made a big bullish move (on earnings and higher volume) but this was far too early to consider a buy...