Stock short-term appears to be moving in a wide parallel channel between ~3.40 & ~4.0. Trend began about 11 days ago and has been accurate for 10/11. Several small breakouts in either direction, but continues to return to channel. Buy at ~3.40, Stop loss at 3.23 to preserve capital if a breakout occurs in the wrong direction.
Looking at the LPTH stock, it's met resistance at two opportunities to surpass the mid 4.80s. In both cases it then retreated to a low around 3.73. MACD re-entered positive territory today and the trend looks ready to repeat itself over the next 10 to 20 days.
Starting a stop loss around $4 would expose only 4.7% at the current price (4.20 as I write this)...
