LC isn't done falling. It has to drop to he demand zone at around $4-$5. Given the massive put wall at $5 I don't think we'll see $4, price should bottom out slightly above $5.
Given the OI , there's a put wall at $5, so there's still room left for another drop, from there we should start moving towards $8.
Lending Club beaten down since inception. The chart is almost similar to NASDAQ:UPST and recently broken a downtrend. It is forming a cup and handle, but i believe it still not confirmed. It has a book value as of Q1 23 of $11, so i believe it is trading at a discount. I am considering having a starter position and scale in after the fed meeting. looking...
LC seems to be a pretty good buy already with a P/E of 3.17 and a P/B of 0.82 with the news that the bank failed that had only $21M of the $8B that makes up LC some might panic and sell their shares that have already been declining.
this is my bullish trend continue idea. however wait for come key level after how to respect to key level after trend continue to up trend you can entry ,so this is my opinion only .
As you can see on the hourly chart Lendingclub has completed a solid 5 wave structure to the upside, with wave 5 being an ending diagonal. Now it's time to retrace. Lendingclub should retrace to the 61.8% - 67% Fib at around $12.75 - $12.50. This Fib pocket is also the area where the most activity occured, according to the volume profile. If this level doesn't...
$LC has found support at the 61.8% of the preceding wave count on July first. From here on I see it climbing all the way up to $28-$30. Our first intermediate target should be somewhere around $19-$20.
LC just had strong earnings but was shy due to overall market conditions. Not surprising that as soon as we got relative relief about inflation, it moved higher( already 8% while I'm writing it) First target 20 (200 ma resistance)
LC fresh breakout past trend/rsi resistance zone, could see a rally to 19.5-22.8-26 now
LC lending club analysis using Elliot wave to get looked at.
LC will continue to the downside if it fails to break back above trend resistance/local support. target 19.34 if we break back above 15.55 though. like and follow for more!❤❤
Bouncing from the strong level Possible pre-earnings run can be in the making
breakout zones: $24.56 $25.34 Bull PT: $26.46 $27.89 $29.05 Bear PT $23.92 $@3.18
lc finally breaking this extreme downtrend, currently making a higher low when comparing it to the most previous low. this is a good sign for longs. If we bounce off this higher low my price targets are 29.35-36 for early 2022. like and follow for more 💘
$LC mean reversion long after the stock has drifted significantly lower, company is under valued here and doing triple digit earnings. Expecting buyers to show up around this demand level and shorts to cover causing a nice snapback in price.
Wait for right shoulder to form on the H&S and enjoy. I will grab puts to play this one as long as vix is not elevated
I like this pull back. Would wait to touch month trend line support that is black. buy and run
lc is approaching its local support zone and extreme RSI support zone! I expect some consolidation before the next breakout but its definitely great risk reward at these levels. like and follow for more! 💘