Violated lower trend support. Confirmation will be tomorrow. Risk 14.05 on short
Well, looks like I was right once again, none the less, will be buying more after booking profits earlier;) can I get a whoop whoop!
LAKE broke out of a symmetrical triangle and has been showing strength. Currently consolidating in a bull flag. Could be good long entry.
Geez louize, been screaming and I mean screaming about buying LAKE since two weeks ago at $9 price area. Hope you listened and got in, was simply just a matter of time, patience is indeed a virtue. www.forexshrink.com twitter- forexshrinkcom
nothing but room to the upside imho, been yelling about this pick all week, enjoy;)
just refreshing the memories of those that may have already forgot.... long lakeland, as long as it gets;)
Lakeland Industries Inc. (LAKE) was a big mover last session, as the company saw its shares rise more than 8% on the day. The upside came after the company reported better-than-expected earnings and revenues in fourth-quarter fiscal 2015. This led to far more shares changing hands than in a normal session, breaking the recent trend of the company, as the stock is...
Following up with my previous post, since there is no options, i have to short the shares naked. 3 entries of 23, 21.5, 20 were all triggered, in fact price went up even further to 29 before tumble down to fill the previous up GAP. As you can see when price flies to far away from 8ema, the reversal is heavy. The same came be applied to bearish market.
An Ebola play, LAKE, has been heavy ever since the company dumped a secondary at 10. A break of the secondary price, and a panic sell-off to major support around 8.16, would provide an ideal entry point.
Looks like professional is ready to go short whilst retail still think its a good buy.... SHORT !!!
No sight for the upside move, but soon this drama will come to end, and when that happens it will be very ugly. Some are up over 400%, only last two weeks the price is up 300% and you wonder when will profit taking will come plus monster short selling. The stock has no options and that is sad, and good for them now, If you want a real time alert try us www.2waytrading.com
it meets my simplest criteria. Price flies away from my 8ema. My shorts are waiting @ 3 price level. Two triggered, 1 last defense on standby. Time is with me. P.S. Imitation of PLUG :-)