Lumen Technologies - Bullish divergence

On the above 12 day chart price action has corrected over 90% since early 2022. Now is an excellent moment for a long position. Why?

1) Price action and RSI resistance breakouts.

2) Regular bullish divergence.

3) Support on past resistance. See 2 month chart below.

Is it possible price action drops further? Sure.
Is it probable? No.

Ww

Type: trade
Risk: 6% or less
Timeframe for long: This month
Return: Not got a clue

2.month

Trade active

Past resistance confirms support.

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"Lumen Technologies, Microsoft Collaborate for AI, Digital Improvement"

tradingview.com/news/mtnewswires.com:20240724:A3184500:0/

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Now up a massive 60% inside 15 days. Wonderful.
Price action is overbought.
Now wait for a higher low. Will say elsewhere where that is.

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180% inside 15 days!!

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240% from 20 days ago on signal print, what a beast!

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Yesterday's sellers about to pay the price for their treachery ;-)

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Now up over 300% in the last 20 days.
Who said the market was crashing? ;-)

Trade closed: target reached

Resistance reached.

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Still many questions about this one... it is also obvious many are long.
If you're going to remain long, get a parachute. Support is 70% correction below.

Note

** strong bearish divergence **

A number of long ideas at the minute on TV... don't fall for it.

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Remember this communication trade? Before it shot up 700%

It would seem this communication stock is almost the exact same set up… do you know which one it is?

without_worries

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Allow 3-6 months on ideas. Not investment advice. DYOR

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without_worries

BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy

Weblink: patreon.com/withoutworries

Allow 3-6 months on ideas. Not investment advice. DYOR

Also on: