Looking forward to breakout 35.8 resistance.
- Huge volume and price change to breakout last resistance - Stopped at 37 which is second resistance, coincidentally was the last stock offer price by the company ($37) - If breakout 37 again with momentum and strength, maybe a setup to run to 46 - Or consolidate between 30-37 until next catalyst - My suggestion is to wait for effective breakout to get in - Setup...
LSPD testing line of support, usually every time it touches there is a nice bounce. Squeeze momentum indicator hasn't shown a reversal yet and same goes for the MACD. Based on market sentiment we could break the resistance. For me to convinced of a trend reversal i want to see a close above the 200 day moving average. If we do reverse we could be looking at 27-28%...
So, the entire market is taking a big dive, and I think it's actually going to continue. I actually did a lightspeed analysis last year, you can see it here. As for Lightspeed, the industry sector index is the QQQ, and it just hit it's overhead resistance. You can see my post linked here, and the picture below. According to the ichimoku cloud, we're heading...
A miss on earnings and a bought deal offering drove the stock down twice to the same level of support. Keep an eye out if the price action turns negative, but longer-term momentum is positive. The stock has a lot of believers, could move 10% to the upside quickly.
I don't think we are ready to challenge higher highs. We need more time. Maybe a couple of weeks as buyers slowly step in... Trade safe~
Watch your entry point, should be in this at $44-45 and target $48-49. Short term strategy of Risk ratio 2.5, and 2 week long action.
On my watch list to hit 50% profit by year end!!
Jan 22 - if bounce off $40.35 and uptrend, buy 100 shares and SL $38.36 Jan 29 - if breaks $43.73 previous high and uptrend, buy 80 shares and SL $40.35 Feb 7 - if tests record high $49.2, sell 100 to take profit Feb 26 - leave 80 shares to play earning, and stop loss at $43.73 Assume no gap up/down and buy and sell price is valid: 1) If SL at 40.35, Loss $289 2)...
1. Hour chart retracement to $39-41 range short term ($40 is 0.5 level with tolerance of +/-1) 2. Reach $45 range quickly and may not even retrace here 3. Reach $50 range and expect to retrace to 0.5 lever from there ------------------------------------ Strategy here is: 1. Buy dip at $40, anywhere between 39-40 price would be good 2. Buy breakout at $43-44 if it...
LSPD will reach 45$ before a fall back down to 35$. That's your time to buy before the stock tests new highs. I'm bullish long term on Lightspeed LSPD. They have no competitor in their niche and their product is an easy sell for businesses around the world. In 10 years, I wouldn't be surprised Lightspeed is worth what Shopify is worth today.
Expect to pull back and breakout $36 as early as Jan 2020. Get in at $32 and $36 and should reach $45 and beyond by next April!