Long
LPI: WATCH FOR BIG WEDGE BREAK OUT
LPI (Laredo Petroleum Inc), an independent energy company (oil and gas).
Huge consolidation within a big wedge. Weekly chart with price above Ichimoku cloud, which means the trend is positive. A break of 90 could be the signal of a strong uptrend , with a 1st resistance at 100.
The move could target anywhere between 146 and 208.
Analysts target: 124
Trade safe.
Huge consolidation within a big wedge. Weekly chart with price above Ichimoku cloud, which means the trend is positive. A break of 90 could be the signal of a strong uptrend , with a 1st resistance at 100.
The move could target anywhere between 146 and 208.
Analysts target: 124
Trade safe.
Note
False breakdown of the triangle followed by a reversal. This could be the start of a powerful move if we break 100.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.