Text me if you have any questions/comments for me.
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LOT
- First time doing a written analysis on LOT
- In a weekly chart (as shown), stock does show some signs of uptrends since the Covid crash
- As a mid-term trader, a weekly chart is a too long a time horizon to trade in -> Weekly charts are more suited to long-term investors
- Stock is currently trading at the 35 cents resistance that has been there since late 2016
- A successful breakout of the 35 cents will be good for the stock in the short- to mid-term timeframe
- There is another resistance at the 55 cents levels
- R is more than 10%
- Strategy-to-buy (DYOR) – Suggest waiting for a successful breakout of the 35 cents resistance
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LOT
- First time doing a written analysis on LOT
- In a weekly chart (as shown), stock does show some signs of uptrends since the Covid crash
- As a mid-term trader, a weekly chart is a too long a time horizon to trade in -> Weekly charts are more suited to long-term investors
- Stock is currently trading at the 35 cents resistance that has been there since late 2016
- A successful breakout of the 35 cents will be good for the stock in the short- to mid-term timeframe
- There is another resistance at the 55 cents levels
- R is more than 10%
- Strategy-to-buy (DYOR) – Suggest waiting for a successful breakout of the 35 cents resistance