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LL Second Price Target Finalized, Chart Revised

I have finalized the second price target at 18.40 & cleaned up this chart to remove the annotations from the previous trade + slightly modified the downtrend line. Awaiting the next pop over 15.00, ideally followed by an increase in volume, as a likely catalyst for a short-squeeze in LL & a quick thrust up to either or both official targets. A potential 3rd target has also been added which might be extended as the final target, depending on how the charts play out.

LL daily 2 April 13th

LL daily 2 April 13th

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Apr 13, 2016 11:25am|Categories: Completed Trades - Long|Tags: |2 Comments

2 Comments

  1. rsotc April 13, 2016 11:46 am at 11:46 am

    15.00 R level was taken out with a nice impulsive pop shortly following this last update on LL, on volume to boot. Need to see some follow-thru on increased volume to really start squeezing the shorts. As of now, volume is tracking at 2.2mm shrs vs. a 100-day average of 1.95mm, not back but again, the more volume behind this breakout, the better the odds it will stick & follow-thru to the upside.

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    • pangblood April 13, 2016 1:11 pm at 1:11 pm

      looks like we’re giving up some of those gains, perhaps pullback/retest then off we go

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